On Wednesday, BitMEX, which is the world’s single biggest bitcoin derivatives provider, reported more than $1 billion of open interest on the market. Trading topped $13 billion, with the number topping $16 billion across the platform’s product range.
“XBTUSD perp swap open interest is now in the 3 comma club. Welcome to the 2019 bull fucking market YeeHaw!” he excitedly summarized.
While analysts remain divided over which investor segment – retail or institutional – is propelling the current bull market, Hayes is gearing up to defend the newly-bullish bitcoin against one of its arch rivals.
Long a thorn in the side of many an industry business, Roubini’s ongoing Twitter rants have now become a talking point of BitMEX’s own publicity material.
“Yet, (Roubini) still believes that cryptocurrencies are a farce,” the tweet containing the trading figures added.
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