The past couple days, everyone in the bitcoin Futures market has been following the trials and tribulations of Mr. OKex #1 Top Contract Holder, who accumulated a $460 Million Long position on BTCUSD Quarterly Futures before getting liquidated.
Great laughs, big dumb rich guy gets rekt being wreckless
the only problem is that this liquidation did not get filled in the market, and theres now a $420 Million overhang in this weekly settlement period that impacts all three maturities on BTCUSD Futures: https://twitter.com/whalepool/status/1024366915001769987