Crypto Exchange OKX’s Token OKB Suffers 50% Flash Crash Amid Liquidation Cascade

Date:

Share post:



Crypto Exchange OKX's Token OKB Suffers 50% Flash Crash Amid Liquidation Cascade

Flash crashes are common in crypto markets as thin liquidity is often distributed across multiple venues. Two percent market depth, which measures the amount of capital required to move an asset by 2%, is between $224,000 and $184,000 for OKB, meaning that a sell order of more than $224,000 could cascade price again.



Source link

Leave a reply

Please enter your comment!
Please enter your name here

Related articles

The Market’s Compass Crypto Sweet Sixteen Study

With apologies, the World Cup games have led once again to a delay in publication. Welcome...

Revolut Moves Closer to UAE Crypto Launch with VARA In-Principle Approval

Base Markets CEO: Why Trust Matters More Than Bonuses | Alex...

Camino de Santiago by Bike

This article may contain affiliate links where I make a small commission for purchases you make from...