Loading ...“Trading any asset is risky but Crypto is super volatile and a pure OTC market, there’s no regulator, there’s no bailouts, there’s just electronic data moving left and right. It’s a virtual game, not a market.”
But then:
“On Friday, a historic liquidity crunch unfolded, leading to nearly $19 billion in forced liquidations and a wipeout of over $380 billion in market value within hours.”
So they are saying that there was a liquidity crunch in electronic data moving left and right? And if it’s a virtual game, and not a market, how can $380bn of market value be wiped out? Shouldn’t that be $380bn of virtual game points value? Ah, just a sec:
“This summary is powered by Maximus AI”
‘Nuff said!