I think I recall seeing that the October thing was an exchange API breakage, something external reported the price incorrectly which caused their engine to mis-price and liquidate people.
Very similar to what broke some stableshitcoin on exchanges that started the cascade in the first place.
Liquidity shouldn't be an issue since Bitmex is the ultimate market maker, may just want to use slugs to avoid slippage if you go big.
but this is boring
lol very true, until the price starts to run and you log in to check and see a whole bunch of free sats... or when there's blood in the streets and you log in and see you're not liquified
I think I recall seeing that the October thing was an exchange API breakage, something external reported the price incorrectly which caused their engine to mis-price and liquidate people.
Very similar to what broke some stableshitcoin on exchanges that started the cascade in the first place.
Liquidity shouldn't be an issue since Bitmex is the ultimate market maker, may just want to use slugs to avoid slippage if you go big.
lol very true, until the price starts to run and you log in to check and see a whole bunch of free sats... or when there's blood in the streets and you log in and see you're not liquified