In a violent shake-out of futures traders on BitMEX, the December futures index records a $1200 difference between lows and highs in less than 30 minutes.

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The XBTZ20 contract on BitMEX set to expire on 25th December 2020, drops to $8500 beginning with the 5-minute candle at 12:55 Hours UTC. Within the next 30 minutes, the price touches the lows once again followed by a massive surge to tap $9772 highs.

According to datamish, over $664,800 longs were…

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