What Happened on BitMEX During Black Thursday – Ep.118

Antoine Le Calvez, blockchain data engineer at Coin Metrics, explains what happened during the Bitcoin liquidation spiral on March 12, why it was so significant for the Bitcoin markets, and how a DDOS attack affected trading on BitMEX and the Bitcoin price during a period of high liquidations. We also discuss how Bitcoin liquidity has changed since Black Thursday, why that might be, and also what the coronavirus is showing us about Bitcoin’s correlation to traditional financial assets. 

Thank you to our sponsors! 

eToro: https://www.etoro.com

Crypto.com: https://crypto.com

Kelman Law: https://kelman.law

Episode links: 

Antoine Le Calvez: https://twitter.com/khannib

Coin Metrics: https://coinmetrics.substack.com

Coin Metrics’ BitMEX post: https://coinmetrics.substack.com/p/coin-metrics-state-of-the-network-bf8

BitMEX on the DDOS attack: https://blog.bitmex.com/how-we-are-responding-to-last-weeks-ddos-attacks/

BitMEX Insurance Fund: https://blog.bitmex.com/bitmex-insurance-fund-your-questions-answered/

Links from news recap:

https://unchainedpodcast.com/the-jaw-dropping-events-of-black-thursday/

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