What happens when your customers don't all get liquidated
Quote Tweet
Conversation
He manipulated bitcoin and put a buy wall to pretect his customers
2
1
Show replies
honest question; did you tank the price yesterday 😀?
I know you have this power & wealth.
Isn't it because the liquidated positions moved to backstop liquidity providers and hence OI stayed relatively constant? Meaning, they did get similarly liquidated but not reflected in OI?
1
1
Replying to
Depends on the position of the backstops--but if the backstops had the opposite sided position then it would reduce OI. Generally the same as if they'd traded the contract on market.
1
Show replies