theblockcrypto.com/daily/96967/kr
probably cascading liquidations + not enough liquidity
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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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help.ftx.com/hc/en-us/artic
think this should be up to date
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