What caused the largest liquidation event in crypto of all time?
The Pre-Crash Environment: Leading into October 10, Bitcoin was aggressively testing new all-time highs near the $125,000 level. Market sentiment had shifted from simply bullish to euphoric, blinding participants to mounting structural risks. Traders were significantly overleveraged, piling into long positions with little regard for downside protection. This pushed aggregate open interest to record levels,...
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