X @Ansem
Ansem 🧸💸·2025-10-15 13:58
RT Atalantis7 (@atalantis7)evgeny: most mms are long spot and short perps; since many mms got ADL'd on shorts at *unusual prices and were exposed losses on spot there was no way to hedge. so they sold their spot inventory and pulled quotes creating a liquidity vacuum until the cascade was over. ...