Smaller perp exchanges just nuked $475M in longs in 30 minutes.
$ICP trading at $2 on Binance but printing WAY lower on platforms like Blofin. Seeing this across multiple coins — prices hitting lows that don't exist on major exchange books.
If you were long on these platforms? You either got liquidated or force-closed.
This is the EXACT same dislocation we saw October 10. Binance ended up returning ~25% of affected funds after that mess.
Thin orderbooks + high leverage + isolated liquidation engines = wildly different prices across venues.
Stop holding leveraged positions on sketchy exchanges. The risk isn't worth the funding rate alpha.
$ICP trading at $2 on Binance but printing WAY lower on platforms like Blofin. Seeing this across multiple coins — prices hitting lows that don't exist on major exchange books.
If you were long on these platforms? You either got liquidated or force-closed.
This is the EXACT same dislocation we saw October 10. Binance ended up returning ~25% of affected funds after that mess.
Thin orderbooks + high leverage + isolated liquidation engines = wildly different prices across venues.
Stop holding leveraged positions on sketchy exchanges. The risk isn't worth the funding rate alpha.
