Yeh looks like another two platforms are going under
Nexo 18% APY Voyager 12% APY
That's a lot of liquidation that will happen. Not to mention Celcius and a bunch of other smaller exchanges on top like Hoo, and crypto hedge funds like 3AC. There are a lot of holdings between all these. Now imagine the case last week where ~653 btc being sold took off 5.9% of btc price.
Now imagine Microstrategy, which holds 129,000 btc is margin called. The margin call range meant to be between 16-19k.
Things are about to get very interesting. And I know for one I want to be very, very far away from all this when it happens.
