In the coming days we will hear more in-depth analyzes, especially since I see it as a trend on twitter, but we can't in any way view it as a failure of the "new Bitcoin Standard" backed by Bitcoin? The question that is on my mind now
can we consider what happened to be price manipulation? Or at least TERRA/Luna cheated?
I mean the last sale:
Terra #LUNA has purchased an additional 37,863 #Bitcoin ($1.5 billion) for its reserve.
Which was sold less than a week later at a price of 30k.
The good side of the story is the ease with which Bitcoin can liquidate even in the event of a price crash, which is a good thing in the long run.