The October liquidation event occurred almost three months ago, with no significant systemic issues surfacing so far, despite unclaimed speculation. The Terra-Luna collapse in May 2022 was a similar magnitude of event that caused 3AC to blow up within 30 days, with fallout continuing until FTX's collapse in November 2022. If nothing materializes in the next three months, it would be a huge tailwind for the industry. It was 99% ADL and cross-collateral liquidations using Bitcoin.(James Van Straten)