X @Wu Blockchain

Roundtable Discussion on the 1011 Crash: Did It Cause the Market Drop? Who's Responsible? Thoughts on Binance's Summary ReportAlbert noticed issues as early as August. ETH was surging, but options skew was inverted, indicating speculative rather than investment-driven buying. A large part of this crash was caused by mass liquidation of USDe loop lending strategies. Carry traders suffered badly. They likely closed out at bad prices and re-entered hedges during engine/system failures at even worse prices — ta ...