FOMO? Bitcoin Exchange BitMEX Saw Biggest Session Ever When BTC Broke $10,000

[bitcoincash]

As much as “FOMO” is a meme in the Bitcoin (BTC) community, the fear of missing out seems to be an entirely real phenomenon. It’s been just a day since the cryptocurrency rocketed past $10,000, and data is already revealing that more money (and investors) are already flooding into these markets, ready to throw their hat into the crypto ring.

This renewed interest is, in the eyes of some optimistic commentators, are a clear sign of new highs to come.
Spotted first by analyst Joe McCann, Saturday saw BitMEX register its highest volume day in its history — crazy. The pairs on the mercantile exchange, known for its offering of 100x leverage (1% move can liquidate your position), traded over $8 billion worth of value — accounting for 10% of all volumes registered on Coin Market Cap.

Considering that Bitcoin has already seen some zany days this year, the fact that this most recent rally, which brought BTC from $9,200 to around $10,400 in a day’s time, resulted in huge volumes only corroborates the validity of this uptrend.