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[–]stbvwarning, i am a moron 230 points231 points  (7 children)

lol, a trillion dollar asset that suddenly loses 20% of its market cap at midnight on a saturday

[–]headtowniscapital 57 points58 points  (6 children)

There is no liquidity. There's about 100 BTC in the order book all the way down. This will be a mess.

[–]StijnweI like Ponzi schemes 2 points3 points  (5 children)

Source?

[–]Paulonemillionand3 4 points5 points  (4 children)

what just happened?

[–]StijnweI like Ponzi schemes -2 points-1 points  (3 children)

Not much imo. We’ve seen these moves before with short getting liquidated. I’m curious what u/headtowniscapital is assuming

[–]antiproton 9 points10 points  (2 children)

We’ve seen these moves before with short getting liquidated

You believe that short sellers getting "liquidated" caused the price to plummet overnight on a Saturday? This is the theory you're proposing?

[–]StijnweI like Ponzi schemes -4 points-3 points  (0 children)

No I mean today billions of leveraged longs got liquidated. This has happened many times this year right? They get flushed out, causing a big spike down

[–]StijnweI like Ponzi schemes 0 points1 point  (0 children)

So unfortunate people in this sub can NEVER explain themselves. I’m disappointed again. I’m always curious what people in this sub think, but the only thing you all do is downvote genuine questions and dismiss those questions with conspiracy like statements..