Ethereum (ETH) Investors Accuse BitMex General Director In Market Manipulation
Investors of Ethereum (ETH) are now accusing the BitMex trading platform for the manipulation of the price of ETH after the BitMEX CEO Arthur Hayes sent a message in which users were asked to reduce the digital currency, without owning it.
Earlier BitMex opened the possibility of 50x-margin trading for the pair ETH/USD. And after that, on Twitter, the head of the crypto-platform began to push users to the Ethereum short. This behavior provoked the anger of representatives of the Ethereum community.
At the same time, Hayes wrote in the newsletter for clients that the second most popular cryptocurrency is a useless virtual asset, the price of which fits into a two-digit number. Therefore, the businessman believes it is right to try to get rid of ETH and focus their efforts on bitcoin-trading.
It’s interesting that analysts noticed a significant spread on BitMex between the orders for purchase and sale. This leads to suspicions that the platform can trade against its own customers.
Previously, Hayes stated that the second most popular cryptocurrency is “shitcoin”. The businessman is sure that the growth of ETH was observed during the ICO boom, which started in January last year. During this time, various venture investors came to the market, who did not have the proper experience for operations with digital assets. Currently, they get rid of altcoyins, selling them at any price, which provokes excitement in the cryptosphere.
ETH currently takes 2nd place in the index AltDex 100 (ALT100), the base index for cryptocurrencies and tokens with a large capitalization.