Crypto’s $19 billion '10/10' nightmare: Why everyone is blaming Binance for the Bitcoin crash that won’t end.
TL;DR Months after Oct. 10’s liquidation cascade, market depth remains recessed, and traders are divided on Binance’s role as Bitcoin continues to fall. The whole 9 yards of 💩 Crypto’s $19 billion '10/10' nightmare, and the weekly replay of “this time it’s different” finally started to fade into something resembling normal people’s memory. Months later, the dust hasn’t settled, the bitcoin price hasn’t exactly found its footing, and market depth is still playing hide-and-seek like a bass drop in a basement club. Welcome to the crypto hangover where everyone has a theory, and the only thing anyone agrees on is the gravity of that October 10 cascade. I’m The Royal Flush, here to tell you what happened, what didn’t, and why we should be both skeptical and oddly excited about the next round. < br> Let’s start with the headline you’ve probably seen a dozen times already: a liquidation cascade on October 10, roughly $19 billion of liquidations, and a market that prompt...