I know probably nobody wants to hear this right now, but it is pretty incredible that at least $2 billion was liquidated in 24 hours (bybit is reporting they think it might be closer to 8 to 10!) and yet defi didn’t break. No pegs were lost, and no protocols crumbled (afaik.)

Defi on Ethereum is robust and battle-tested.

noun seven three zero | based & optimistic Ξthereum Ξnjoyoor | founder: zerorights.media, zeropod.xyz and the /yellow collective

I suppose that the market maker withdrew orders and only retail traders were left in the orderbook)And the price went down like through butter....this has happened before.And someone bought at very favorable prices in the morning 😁