Covid crash: $1.2 Billion in liquidations
FTX crash: $1.6 Billion in liquidations
Today: $19.16 Billion in liquidations
This is Biggest liquidation event in history of crypto and almost 20x bigger than the Covid crash of March 2020.
A lot of projects that look good are just well-marketed hype machines.
They're basically punctured buckets - as long as there's enough inflow, the bucket looks full.
But the moment that flow slows downโฆ the leaks start to show. And it's not pretty.
PS: $OM $LUNA... even $ETH