An explanation of why crypto crashed on 10/10 from the CEO of @okx.
Bitcoin dropped from $122,500 to $99,950 that day.
I’m not sure what actually happened. I am sure there will be a war over the narrative that will play out on @X
Never a dull day.

No complexity. No accident.
10/10 was caused by irresponsible marketing campaigns by certain companies.
On October 10, tens of billions of dollars were liquidated. As CEO of OKX, we observed clearly that the crypto market’s microstructure fundamentally changed after that day.

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