Can someone please explain to me what exactly happened here and how?

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Can someone please explain to me what exactly happened here and how?

r/algotrading - Can someone please explain to me what exactly happened here and how?

Coin Ceylon Approved Changed status to publish November 4, 2021
0

It seems that someone market sold 593 btc (roughly 40mln$ worth of btc) and the order book was so thin that got wiped up to 8000$. You can watch L2 to see what’s the liquidity like!

Coin Ceylon Approved Changed status to publish November 4, 2021
0