
#CongressPassUBI
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Apparently a market maker's bot just malfunctioned and liquidated ~$90M in $ETH shorts in under an hour. About an hour ago, a grid trading bot went haywire during the worst possible moment - low weekend liquidity. The bot started firing off frantic buy and sell orders that weren't responding to real market conditions. These erratic orders amplified price swings that would normally get absorbed. $ETH whipsawed violently. The result: $87M in $ETH shorts erased in 60 minutes. Total 24-hour $ETH short liquidations hit $124M. Here's what made this so destructive: Grid bots work by placing buy orders below price and sell orders above price in a "grid" pattern. When one breaks, it doesn't just stop trading - it can start executing both sides rapidly, creating artificial volatility that triggers cascading liquidations. Weekend liquidity is already 40-60% thinner than weekday volume. That thin order book meant the bot's erratic orders moved price far more than they would have on a Tuesday afternoon.







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