October’s crash shows crypto has come of age
Ability to absorb $19bn liquidation event marks a turning point in market’s maturity, says LMAX Group's Jenna Wright
The crypto market has endured its share of sharp corrections, but the October 10 liquidation event, with nearly $19 billion erased in hours, marked an important turning point. The scale was historic, but the outcome was not the systemic breakdown that defined 2022. Instead, it was a real-time stress test that the market, broadly speaking, passed. What we witnessed was localised rather than
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