Cake(@cakemeta):Guy Young says the October 10 incident crushed open interest worse than FTX and Luna "I do think this particular bear market had a few different exogenous things that came together that in many different ways were like some of the worst things that could have happened to Ethena." "I think people don't realize open interest kind of collapsed actually more aggressively than it did in the 2022 bear markets during FTX Luna." "10/10 was actually worse when it came to the impact on the derivatives market."

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Cake@cakemeta

2026.09.14 13:22

Guy Young says the October 10 incident crushed open interest worse than FTX and Luna "I do think this particular bear market had a few different exogenous things that came together that in many different ways were like some of the worst things that could have happened to Ethena." "I think people don't realize open interest kind of collapsed actually more aggressively than it did in the 2022 bear markets during FTX Luna." "10/10 was actually worse when it came to the impact on the derivatives market."