Post by Augustine Chiagozie (@pabloexchange)
π BitMEX Shutdown Sparks Bullish Speculation
The legendary exchange BitMEX, a pioneer in futures trading, is shutting down after 12 years. Crypto Twitter sees this as a bullish sign, noting major exchange failures often mark market bottoms.
Past shutdowns triggered huge rallies:
β‘οΈMt. Gox in 2014 surged 12,000%
β‘οΈBitGrail in 2018 rose 2,044%
β‘οΈFTX in 2022 jumped 686%
Exchanges fail, but Bitcoin endures. Are we near a new bull run?
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