DeFi & NFT
By James Thorp
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Four Closures, One Very Loud Month. BitMEX isn't alone. BitMart, another exchange, is pulling trading services on August 26 and going…
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What Mt. Gox, Bitgrail, and FTX Actually Tell Us. There's a pattern some analysts keep pointing back to. Mt. Gox collapsed in 2014 and 2015.
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Why This Time Feels Different — and Murky. Here's the thing that doesn't quite fit the historical template: Bitcoin hasn't moved much.
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BitMEX is closing. September 23 is the date, and new account registrations are already gone. Users got a blunt message: close your positions, pull your funds, don't wait.
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The exchange launched in 2014 and basically rewired how crypto derivatives worked. It's the platform that put 100x leveraged perpetual swaps on the map — a product that made it…
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BitMEX isn't alone. BitMart, another exchange, is pulling trading services on August 26 and going fully dark by January 31. DEX aggregator Odos closes July 30.
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Some read it as a sector cracking under sustained pressure. Liquidity is thin, user growth has stalled in places, and the cost of running compliant infrastructure keeps climbing.
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But a different read is gaining traction, and it's rooted in history.
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The logic, as industry observer Mister Crypto put it, is that it takes enormous sustained pressure to bring down a large exchange.
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Read also: BitMEX Closes After 11 Years as Crypto ATM Losses Hit $124M and Clarity Act Stalls
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Ran Neuner sees it similarly, though he frames it more as consolidation than collapse. His read is that the current phase is a natural selection process — the weak get washed…
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Not everyone buys the bull case, though. Not yet.
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Here's the thing that doesn't quite fit the historical template: Bitcoin hasn't moved much. Past exchange collapses triggered sharp drops first, then the eventual recovery. The Mt.
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Some analysts think the bear market grinds on through summer, with a potential cycle bottom somewhere in the $40,000 to $45,000 range materializing by autumn.
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The absence of volatility is almost its own kind of signal. It's just not clear what it's signaling.
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