Do you mean explain why $8m of selling in one second could in some cases cause the best bid remaining on the books to be lower than the 1s candle's open/close?
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Thank you for naming us the top US exchange. There are some safeguards and controls in place around liquidations, fat fingers and managing our risk. If a whale wants to unload, that's their right and that's an ordinary, natural, predictable market event. Y'day was volatile.
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Big moves on a single book are common in crypto. They're leading indicators. You're telling us how to manage our risk, assuming you had more information than we did at the time to make a better decision. Nobody said there were liquidation cascades. 1 Bearwhale dumping is enough.