We haven't even started to see tip of iceberg of contagious and markets are back to normal.

I can't see anything but a bull trap

Generalist by conviction. Learning crypto, a bit each day. Partner at Ada Capital

They say $10-50b directly of liabilities. I'd maybe multiply it by 2-3x for the 2nd order effects (lost of confidence in exchanges, lack of growth from New users entering the space, etc etc)

Is there a potential upper limit of the contagion?

Building The Future, Today // Content on Crypto, Gaming, Ai // Consumer  
@thirdweb
 // 🇲🇽 // DMs Open

I can't even guess. Short term price action is worth very little in the space anyways. Bullish on the long term though, let's focus on that