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RE: How BitMex or Accounts on BitMex Liquidated ALT-BTC Longs on the Pump and then Liquidated BTC Longs on the Dump
Here's a very informative article on this same issue:
https://www.theblockcrypto.com/2018/12/07/bitmex-lets-you-bet-big-on-bitcoin-for-a-price/