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1/ On March 13th at 2:16AM UTC, trading on BitMEX slowed to a crawl as the exchange faced what was first reported to be a hardware issue but was later determined to be a DDOS attack.

As soon as BitMEX was attacked, BTC price recovered and surged to $5,300.
2/ From March 12th 9AM to March 13th 6AM UTC, long positions worth 1.1B contracts (one contract represents a $1 position) were liquidated. As traders got liquidated, the open interest (the number of contracts held by traders) decreased.
3/ Read more in this week’s State of the Network feature by @khannib :

The BitMEX Liquidation Spiral - Analyzing How Crypto’s Nascent Market Structure Held Up During the Crash

coinmetrics.substack.com/p/coin-metrics…
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CoinMetrics.io
@coinmetrics
For only the fourth time in history, BTC MVRV has dropped below 1. In hindsight, the past periods where MVRV dropped below 1 have been the best times to accumulate BTC at a relatively discounted price.
The large drop in MVRV is because the BTC market cap dropped 46% over the last 7 days, while the realized cap has only dropped 3%
The relatively small drop in realized cap signals that for the most part, longer-term holders are staying strong, and that the recent price action is likely driven by newer buyers.
Read 4 tweets
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CoinMetrics.io
@coinmetrics
As part of our normal due diligence when adding new assets to CM Network Data Pro, CM found several discrepancies between what has been publicly reported by Ripple and what was visible on the XRP ledger.

Read more about them here (summary below):

coinmetrics.io/an-on-chain-an…
1. Two quarterly markets reports under-reported the number of XRP released from escrow by a total of 200 million XRP ($84 million at current prices)
2. The “escrow queue” is implemented differently than announced, leading to a faster future release of escrowed funds compared to the announced schedule
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CoinMetrics.io
@coinmetrics
Trying out a new format for sharing some of our data, including some metrics not yet live on the site.
Today we'll cover some metrics relating to Bitcoin's miner economics and its long term cycles
Bitcoin's inflation rate is projected to decline to 1.8% annually in May 2020
Read 7 tweets

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Jennifer Cohn ✍🏻
@jennycohn1
ICYMI, Los Angeles County’s new $300 million touchscreen voting system is vulnerable to ransomware and/or a denial-of-service attack bc, when voters check-in at their voting center, internet-connected e-pollbooks prepare the coded ballots that activate the machines for them. 1/
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Prashant Mullick
@VohiCapital
The next two weeks will be about holding fort to attempt getting past the trading errors of this week.

Bad trades, bad decisions.

#trading #markets
The thing with bad decisions in trading or any other endeavor is that it begets other bad decisions.

The first thing is to get back to the basics and put things straight.

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The simple things go out of whack with these bad decisions.

#process
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/3
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17EmeraldRoses
@17EmeraldRoses
1) Free Speech Forum #Voat has been under heavy DDoS attack for days. The owner said it's military grade level. This thread will show what THEY DON'T WANT YOU TO KNOW

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archive.fo/ArZdi

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@CountConservato
Thread: Kevin Spacey: The Cabal’s Loose End
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Reveal
@reveal
1/ Our investigations this year have exposed modern-day redlining, indentured servitude in rehabs, migrant kids being drugged and more (below 👇👇).

It takes community support. On this #GivingNewsDay, help us continue to tell important stories. bit.ly/2P1Uzhx
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