Multiple top tier dexs couldn’t handle the liquidity vacuum created by the flash crash and started auto liquidating participants on top 50 coins because of liquidity pool issues. some assets were so illiquid they went straight to 0 (ATOM) and then instantly recovered 3-4X from there to liquidate both shorts on the way back up and passive longs that set black swan bids on the way down. Some people were even liquidated twice because of the massive price swings that happened in seconds. The crypto market wrongfully failed its participants yesterday in a way that exposed how unprepared the entire crypto market really is for massive integration into tradfi.
Been there brother. It just sucks as I had conviction on the downward movement and then a black swan event in the direction I needed. Ohh well, that’s the market for ya
Definitely.
Easily reversible tariffs and even less scary "threats" won't crash economy. It would take a genuine black swan that we really haven't thought of.
The market has had what maybe 7 black swan events in the last 100 years? Well that ain't shit so far this year we have already had two 🍊 swan events and probaly a few more before 🥭 goes away