- Educational / Crash Explained
Why did crypto flash crash on Oct 10?
Binance explained: It was NOT an exchange failure.
1. Macro shock + risk-off sentiment
2. Record high leverage & open interest
3. Thin liquidity = liquidation cascade
$19B liquidated in one day. Lesson: Never over-leverage.
#CryptoEducation
#BinanceAcademy
#RiskManagement $BTC $ETH
Why did crypto flash crash on Oct 10?
Binance explained: It was NOT an exchange failure.
1. Macro shock + risk-off sentiment
2. Record high leverage & open interest
3. Thin liquidity = liquidation cascade
$19B liquidated in one day. Lesson: Never over-leverage.
#CryptoEducation
#BinanceAcademy
#RiskManagement $BTC $ETH