This has happened on Bitmex, what a pain, someone has made a mistake, over 400 btc sold in one go.
Discussion
Someone must have had an order set up down there 👇🏼. Uffff.
If someone took the opportunity, they should already have a generational wealth by now.
Lucky guy with the pending order at the bottom.
I would find it strange if this was an accident
shows how little liquidity was on bitmex....
what was the size of the alameda fat finger that caused a huge wick? do you recall?
here is a blast from the past. it was the fat finger of 2021 on another low liquidity exchange
when are these exchanges gonna learn....they must support off exchange settlement in a world of low liquidity
it allows market makers and liquidity providers to provide backstop without counterparty risk
And it still didn't hit Doomberg's buy orders 🤣