Black Monday refers to October 19, 1987, when stock markets around the world crashed significantly. The Dow Jones Industrial Average (DJIA) dropped by 22.6%, the largest single-day percentage decline in history. This event triggered panic selling and led to a global financial crisis. Factors contributing to the crash included computerized trading, overvaluation, and investor psychology. Black Monday highlighted the vulnerability of financial systems and led to significant regulatory changes to prevent future occurrences. It remains a pivotal moment in financial history, illustrating the impact of market dynamics and investor behavior on the global economy.

$ETH topping right below $3600 cap on the pre-ETF relief rally

With true net ETF inflows amounting to negative yesterday after accounting for delta neutral flows, the $4-5 billion in frontrunning flows/leverage is at risk to be quickly unwound could take us to 0.04 ethbtc or below

Ice Girl

@forfee