News list for " resulting in liquidation"

Tom Lee: The 10.11 plunge was caused by the automatic liquidation caused by the abnormal decline of USDE on a trading platform

On November 23rd, Tom Lee, in an interview with CNBC, answered the host why the crypto market plummeted on October 11th, saying, "There are a lot of automated processes in the crypto market. Among them, ADL (automatic deleveraging mechanism) is a typical example - when the price of user account assets or collateral falls, the system will initiate forced position squaring like the traditional market margin call. While USDE maintained a $1 price on other trading platforms, the internal price of a ...

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2025-11-23 05:53:54
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