Spot market sell off started around $38k, then Coinbase partially failed, not registering buys, causing its price to go $350 lower than others, this pulled down the index price that futures exchanges use to calculate leverage funding, wrecking bearish havoc on speculative markets
Conversation
This Tweet is from a suspended account. Learn more
note that we bound any outlier at 25bps away from the median of our indexes, so coinbase being out of line couldn't move our index that much