$19B Crypto Market Crash: ‘Controlled Deleveraging’ Not ‘Cascade’

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Friday’s record $19 billion crypto market liquidation event has left traders divided, with some accusing market makers of a coordinated sell-off while analysts pointed to a more natural deleveraging cycle.

Friday’s flash crash saw open interest for perpetual futures on data-ct-non-breakable=”null” href=”https://cointelegraph.com/learn/articles/what-are-decentralized-exchanges-and-how-do-dexs-work” title=”null”>decentralized exchanges (DEXs) fall from $26 billion to below $14 billion, according to DefiLlama.

Crypto lending protocol fees surged past $20 million on Friday, the highest daily total on record, while weekly DEX volumes climbed to more than $177 billion. The total borrowed across…



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$19B Crypto Market Crash: ‘Controlled Deleveraging’ Not ‘Cascade’


Friday’s record $19 billion crypto market liquidation event has left traders divided, with some accusing market makers of a coordinated sell-off while analysts pointed to a more natural deleveraging cycle.

Friday’s flash crash saw open interest for perpetual futures on data-ct-non-breakable=”null” href=”https://cointelegraph.com/learn/articles/what-are-decentralized-exchanges-and-how-do-dexs-work” title=”null”>decentralized exchanges (DEXs) fall from $26 billion to below $14 billion, according to DefiLlama.

Crypto lending protocol fees surged past $20 million on Friday, the highest daily total on record, while weekly DEX volumes climbed to more than $177 billion. The total borrowed across…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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