$19B CRYPTO LIQUIDATIONS DIDN’T MEAN $19B IN LOSSES. REAL LOSSES WERE FAR SMALLER
https://media.zenfs.com/en/cryptonews_us_711/edf6722085fdaf93d60a679b55746d30
✍️ The recent crypto market sell-off resulted in real losses of only $950M to $2.85B for traders, with the rest being phantom leverage, synthetic exposure that was rapidly unwound.
👉 Liquidations from the recent market sell-off resulted in real losses of only $950M to $2.85B for traders. 👉 The rest was simply phantom leverage, synthetic exposure that was rapidly unwound. 👉 Experts say large-scale liquidation events are needed to 'cleanse the system from running on excess leverage fumes'. 👉 The October 10 crash may ultimately be remembered less for the losses it caused and more for what it revealed about the maturity, or lack thereof, in crypto market literacy.
-- #SamSeo #UdiWertheimer #PatrickHeusser #MatteoGreco #RayYoussef #DonaldTrump #JeromePowell #technology
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