
Off-Chain 5-12-22: The monumental UST de-peg and $4bn Bitcoin short position that's melting down the market
The Decrypting Crypto Podcast
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What Happened to the Bit Coin Market?
L f g removed 250 million dollars of liquid y from what was their largest pool on curve, which was the us t plus three pool. Dropped conna between 98 and 97 cents. Then ees to be a huge amount of liquidity in the pools people can trade between. When that liquidity gets much, much lower, or inbalanced i e, there's very little us d t,. And this is where we start to see things spial, right? Yes.
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