比特币橙子Trader|2月 04, 2026 03:28
TOM LEE, can't handle losing?
Keeps bringing up the 1011 incident.
Last night, he said the crypto market was the best-performing asset globally before October last year.
Bitcoin had actually risen 36% before that.
But on 1011, a pricing glitch on a certain trading platform triggered a chain of liquidations.
This caused crypto prices to drop by over 40% after October.
He mentioned that the 1011 incident led to over 2 million accounts being liquidated globally.
More than one-third of market makers were wiped out.
Market makers are like the central banks of the crypto market.
The impact of this incident is far worse than the FTX collapse during SBF's time.
The damage it caused to the open market is immeasurable!
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