What Really Caused the Ethereum Price Drop

Bitmex added perpetual swaps on Ethereum. In English: they created a way to short Ethereum with high leverage.

Another way to look at it:

What really caused Ethereum price to be so high?

No one could short it, as you can with other most other publicly traded assets that have scaled.

I don’t know the answer, but it’s a reasonable question to ask

Written by

Believe Crypto is the biggest thing to happen in the history of mankind. Focused on stablecoins (founded JustStable.com) & communities (founded. CryptoMondays)

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