Rumor mill currently saying two large trading firms were liquidated to zero.Hearing different takes but the idea is they owned a book of top 100 mcap tokens which were collateralized against each other in size ($1B+) & became forced market sellers of their entire book ...

LIQUIDATING EVERYONE JUST TO PUSH PRICES TO NEW ATHS WOULD BE PRETTY FRUSTRATING...AND HONESTLY, IT SEEMS LIKELY. ...

⚡ LATEST: $171M in shorts were liquidated in the past hour. https://t.co/zZ11F3a26j ...

Check again.100% tariff likelihood falling off a cliff.Seems the terrible no good awful cascading liquidations yesterday across crypto truly were… cause of nothing…China having 100% tariffs imposed by November 1st now down to 15% https://t.co/z073tr9Nf1Easy (@EasyEatsBodega):Polymarket is the real source of truth.A cascading liquidation over a misunderstanding between China && the US.Polymarket odds now have the 100% tariffs on China by November 1st at 22%Still in line with the % from the day they were anno ...

Crypto Liquidation Catastrophe: Post-Crash Analysis - Who Profited Amid the Chaos?On October 11, a major crypto liquidation event caused massive losses, triggered by geopolitical risks and a stablecoin depeg. While many traders suffered, trading platforms and DEXs earned record fees. Key issues included high leverage, low liquidity, and flawed liquidation processes, highlighting the need for stronger risk management. Read More https://t.co/rDM9m5k8ao ...

The pattern is clear.After each major liquidation event, we see chop and consolidation.Sometimes it’s even followed by a lower wick fill. https://t.co/2ivcMDClHL ...

kinda lit they did it on a public exchange tho at least they kinda let us knowThe Kobeissi Letter (@KobeissiLetter):This is unusual:~30 minutes before President Trump's tariff announcement yesterday, a "whale" took a multi-million dollar SHORT in Bitcoin.1 hour later, crypto saw its largest ever liquidation and this position was liquidated for +$192 MILLION in profit.Did someone know? https://t.co/1yWCrEFfM5 ...

Perps DEXs will probably airdrop everyone who got liquidated yesterday so keep your head up ...

Crisis Response & Transparency - The company addresses concerns arising from a viral post and assures users of their commitment, emphasizing that user stories are prioritized [1][2] - The company states that all traders were immediately and automatically paid out without issue following a massive liquidation cascade [3] - The company clarifies there were no clawbacks or socialized losses [4] - The company publishes daily proof of reserves, and the exchange has been operating uninterrupted since the event, albeit with some hiccups [4] - The company emphasizes its approachability and commitment to doing the right thing, lacking a PR crisis management team [15] Technical Explanation & System Design - The company explains that a screenshot was taken out of context, clarifying it was a technical explanation of how futures profits and losses work, not a policy decision [3][5] - The company operates as a neutral peer-to-peer exchange, not taking positions for users or providing liquidity [6] - The company details the settlement process where profits are exchanged between longs and shorts, highlighting that winners earn from losers in a zero-sum system [7][8] - The company clarifies that bankrupt users caused a settlement issue, which was resolved by the company settling all accounts before publishing proof of reserves [9][10] - The company designed the system to be robust to liquidation events, isolating risk between longs and shorts, with spot holders unaffected [13]

Still trying to process this.$20B in liq’s is a bloody massacre… https://t.co/cbzP7JZAsbHaseeb ＞|＜ (@hosseeb):Best analytical writeups/threads about the recent crash re: microstructure, auto-deleveraging, depegs, etc? Seems like lots to dissect across the industry in last 24 hours. ...