Post
Topic
Board Bitcoin Discussion
Re: New BTC dump upcoming! 18000 BTC moved to BitMex...
by
mk4
on 15/08/2018, 15:14:31 UTC
You can't dump Bitcoins on Bitmex Smiley You can only short or long them. It could go in either direction.

Check out what's Bitmex and how it works here:
https://coincodex.com/article/1960/what-is-bitmex-crypto-trading-with-up-to-100x-leverage/

This^

And also, bitcoins being moved to an exchange doesn't automatically mean the owner is going to dump it. What if maybe he/she just put up a sell offer at $7000(or higher) or something? Dumping that much bitcoin on a single exchange isn't a good idea to start with. Jeez. Too much panic.