On this day a year ago,
$20 billion in liquidations—the largest in history.
The market was blown wide open.
The actual figure was far higher than $20 billion.
In just 17 seconds,
the entire market collapsed.
Bitcoin plunged 15%,
and altcoins fell through the floor.
That night, retail traders were wiped out,
and market-making funds took a beating too.
Some platforms went bankrupt that very night,
and countless retail traders still haven’t made it back to the table.
A year on, the carnage of that night is still vivid.
In the end, it’s impossible to move on…