Flash Crash Post-Mortem: Overleveraged Crypto Gamblers Did It Again

The flash crash in the crypto market on Wednesday was heavily exasperated by liquidations and leverage – debunking some narratives along the way. Yesterday, almost USD 9bn worth of trading positions (around 800,000 in total) in the crypto derivatives market were liquidated, per Bybt.com data. Almost USD 4bn of these were trading positions in bitcoin (BTC). Ethereum  Read more »
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