Brace for a shit ton more volatility heading into friday (okcoin settlements & clawbacks).


There is a lot of incentive for certain people to pump up the price to reduce the clawback % (and I'm specifically meaning not the traders). on friday we'll know the full extent of this 3000btc utterly rekt liquidation on okcoin.

We shouldve known that it was coming once those 80k &40k contract holders reduced or completely closed their position a few days before yesterday that the party was over and the downside was enormous heading into quarterlies. A lot of people got liquidated from $400-->$360.