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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