Incredible explainer for what happened with the $20B liquidation event yesterday…Doug Colkitt (@0xdoug):1/ Since a lot of people are waking up to see their perps positions closed and wondering what the hell “Auto-Deleveraging” means, here’s a quick and dirty primer.What is ADL? How does it work? And why does it exist? https://t.co/I9MHXVAInd ...

Great explainer on auto deleveraging:Doug Colkitt (@0xdoug):1/ Since a lot of people are waking up to see their perps positions closed and wondering what the hell “Auto-Deleveraging” means, here’s a quick and dirty primer.What is ADL? How does it work? And why does it exist? https://t.co/I9MHXVAInd ...