What a flash-crash that was

$SOL hit $203

$ETH hit $3.5k

$BTC hit $94k

Yeah the perp exchange’s behavior makes sense

In a small flash crash — liquidations are the traders’ problem

But, in a sufficiently deep flash crash, which immediately bounces back, with some traders buying at the rock bottom — liquidations suddenly become the platforms problem

Sufficiently big flash crashes could bankrupt the whole platform, if handled wrong

— at best forcing the the platforms to take huge haircuts even from winning traders,

— and at worst, making the entire platforms insolvent and bankrupting the platforms themselves

Happened e.g. in ~2012 Bitcoin flash-crashes IIRC

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Traders may call this a bull flag but man do those dips look scary

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From recent highs, that was a:

-10% drop for $BTC
-14% drop for $ETH
-23% drop for $SOL

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Luigi Mangione arrives at court for a preliminary arraignment hearing

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NEW: Luigi Mangione allegedly used a ghost gun that he 3D printed at home. His silencer was also allegedly 3D printed.

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Luigi Mangione's IG is officially wiped. It begins.

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NEW: Valedictorian graduation speech by Luigi Mangione, alleged United Healthcare CEO shooter.

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Nearly $40M now

Story keeps getting deeper

This one’s got serious legs

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Wonder why the chart for the exact same Raydium pool looks so different on Photon than it does on dexscreener

Seems dexscreener may be screwing up and missing some candles

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Oh yeah, can see by the uneven spacing of hours that dexscreener just skipped a bunch of hours

Up to $43M now,

= +5x, and seems to be going stronger than ever

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