That’s brutal, turning over a million into six bucks in five minutes must feel like a punch in the gut, It’s a brutal lesson that even veteran traders can trip up when they get too comfortable or too cocky, also slippage is one of those things people typically overlook until it bites hard. I think stories like this are vital though because they keep the rest of us grounded and always better to be cautious than to learn the hard way like the guy did.
If it is not intentionally done, then yeah. I say that obviously because there are also crazy people who did that intentionally. If their main intention is to just manipulate the crypto or the entire market then I think this is literally crazy. I mean they can just do it the normal way and they might still actually earn, though this can be a tactic for them to get the attention more of the public.
I think slippage must be like a trading fee and it is as important as the actual trading part for one to overlooked because we may not profit if the fees are high but after all, indeed that it can still act as a reminder and a good information to those who are less aware of this yet.