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ya it's a good question. If there's no leverage it matters less: no one is compelled to trade, and so if there isn't "enough" liquidity people can just not sell. But liquidations --> forced selling --> demand for liquidity. I could be wrong! Was the crash driving by liqs?
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Replying to and
nope -- not other than the existing, short-term price bands (which stop more than an x% move each 5 minutes or so, but these obv decay away quickly); go to town!
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