HODL · 1w This is the best explanation I’ve seen so far. From nostr:nprofile1qqs98tsn0quzfgud5edtw3fcp8l690kctvp2s8803tlq5evdffstl7gprpmhxue69uhkummnw3ezuum9d45hxmmv9ejx2a30qythwumn8ghj7mn0wd68ytnxd46zuamf0gh... Brisket @Brisket 1770353934 Leverage tends to build up at certain levels & then liquidations cascade as they unwind. Leverage in the system incentivises liquidity hunting. 1