one year ago today crypto had its WORST day ever (10/10 recap)
> $19.16b liquidated in 24h
> 1.63m traders wiped
> real number likely ~$40b, cex apis only reported a fraction
how did it compare to previous black swan events?
> 12x ftx
> 16x covid black thursday
> 2x the previous record
SOL on 10/10:
> $220 to $165 in hours
why did it happen?
> Trump announces 100% tariffs
> OI and funding rates were very high
> market makers pulled back and depth collapsed 98%, from $1.2m to $27k in hrs
> depegs on binance also caused mass liquidations
just a good reminder: don’t over leverage your portfolio.. and remember even hedges got reduced or full closed.