BitMEX bulls suspected of recognizing losses and leaving the market Tonight at 20:07, the main market price of BitMEX BTC opened up by $8 million, with a transaction price of $60676. Due to the large scale of the order, the liquidity above was directly swept away, and the price instantly hit $62067.3, with the main trading sliding point reaching as high as $1391. At 21:40, another large market order appeared on the platform, with the main force selling a flat long of $9 million (market price) at a transaction price of $59374.3. It is suspected that the main force had previously opened a long long position and accepted a loss before leaving. Institutional dynamics: -Strategy: The BTC monetization plan has no fixed maturity date and aims to enhance capital flexibility. Can be modified, suspended, or terminated at any time, without forcing the sale of BTC to pay dividends, interest, or repurchase securities. At present, it has $2.55 billion in reserves and $1.25 billion in Bitcoin monetization quota, with preferred stock dividend liquidity covering approximately 25.9 months. -Bitmine: Continue to hoard coins, with holdings updated to 5.7 million ETH and total assets of approximately $8 billion. -BlackRock: Collaborating with Ethena Labs to launch a $100 million liquidity mechanism, allowing BUIDL (with a scale of 3 billion) to exchange with USDC at any time without friction, even during non trading hours. Big orders are a collision of short-term leverage emotions, with institutional actions pointing towards long-term capital optimization. What do you think? BTC Strategy BlackRock