The best take I’ve read on the latest liquidation flash crash - ignore the part about Ping I’ve got nth against the guy. 

This is why I actually think we still bleed lower vs resolve up, especially for alts. 

https://x.com/basedmoneylich/status/1979242783383712055?s=46&t=5ENYugi2K7TVQMcNu6dX5A

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