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molu
@molusol
entrepreneur | perps & defi | lp maxi | currently building @luminaries
Joined February 2022
1.2K Following    17.3K Followers
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.
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