I have a question, and I'm afraid I'm being too naive. Regarding the $20 billion liquidation that occurred on October 11th, was it the long positions being liquidated to their counterparties, or was the liquidation going to Bank of North America (BN) for profit? After all, money doesn't disappear; it just moves. If the liquidation went to the short sellers, why did liquidity suddenly plummet? Wouldn't answering this question clarify who was at fault? No need for so many sycophants or so much fud. @heyibinance @cz_binance

The main problem is that all the market makers have been liquidated. If the market makers are gone, what will happen to us retail investors?

They're all essentially the same thing: who takes over the money from market makers' margin calls?

The simple principle is to first ask the people around you how much money they make, and then see what kind of money they make. Most of the people around me who made money did so by buying off-anchor assets on the day buy the dips, but it seems that all of those off-anchor assets ended up losing money. So what is the answer?

I get it now, Professor 🥹, everyone's losing money (including me).

I get it now, Professor 🥹, we're all losing money (including me).

Now that things have come to this, the person I feel most sorry for is ______.