Dear BitMEX Users,
Today, we share with a very heavy heart that BitMEX exchange will shut down its operations, effective 23 September 2026 at 04:00:00 UTC.
The owner and operator of BitMEX, HDR Global Trading Limited, has made the difficult decision to close operations following a strategic review of the business.
It may not look the same today, but we are proud of our 11+ year legacy and the role we played in shaping the crypto industry. We invented the 100x leverage perpetual swap, which for most of you, was the first step to your crypto trading journey. It is now the most traded financial product in the crypto industry, adopted by thousands of users and exchanges. And we remain proud of our robust security infrastructure, which has allowed us to maintain a flawless track record of 0 customer funds lost to hacks in our entire operating history.
We want to reassure you that your assets remain fully safe and under your control during this transition period. This announcement is just to give enough time to ensure a smooth withdrawal process for everyone.
From today we strongly encourage all users to close their positions and withdraw their funds as soon as convenient. For more details on the full process, please read our blog: https://t.co/OOHeh6xHm8
BitMEX was once home to some of the greatest traders today. Our team has dedicated tremendous effort and passion into building the platform into what it is, and we are glad to have reached some of you during your time with us. To everyone who has traded, supported, and grown alongside us - thank you for your trust over the last 11 years.
The BitMEX Team
$BTC
I believe the base low is already in.
I’m looking for an external sweep above the range highs, followed by deviation back into the current range.
After that, I expect manipulation below 62K, followed by a HL.
The main driver behind this correction will be Legacy.
I posted this when $BTC was at $122K
This is the reality of where we are in the cycle.
90% of the bear market is completed.
I never wait for the perfect entry. I simply scale in when the RR is in my favour, as you've probably noticed with my swing positions.
$BTC
It's exciting to finally be bullish after 9 months of downside. I've been waiting a long time for this moment.
Bull markets are far more enjoyable than bear markets.
The downside is limited, but the upside isn't.