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Is Tom Lee sore loser?
He keeps harping on the 10/11 incident.
Last night he said that the cryptocurrency market was the best-performing asset globally before October last year.
Bitcoin had actually risen by 36% before that.
However, on October 11th, a pricing loophole on a certain trading platform triggered a chain of liquidations.
This led to a price drop of over 40% after October. He stated that the 10/11 incident resulted in the liquidation of over 2 million accounts globally, and the elimination of more than one-third of market makers. Market makers are essentially the central bank of the cryptocurrency market. The impact of this incident is far more severe than the FTX collapse during the SBF period. The damage to the open market is immeasurable!

比特币橙子Trader
@chengzi_95330
02-03
周末瀑布式暴跌后,我开始认真思考:我们是不是走回了2022?
妈的,每到周末都开始莫名的紧张。
因为川普这逼有个非常稳定的习惯:
专挑美股休市的时候搞大事。
所以最近几周形成了一种极其诡异的节奏:
一到周末,加密市场就开始暴跌;
一到周一,大家才知道到底发生了什么。
这周也不例外。
Did I say something wrong?
Sector:
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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