Or due to OM's flash crash and accidentally touching the strategy, the market maker's algorithm abnormally pushes up BTCDOM perpetual contracts by 20%
On April 14, it was reported that an unidentified market maker encountered an algorithm error after the OM (Mantra) flash crash, which accidentally increased the BTCDOM (Bitcoin Market Value Index) perpetual contract on the Binance platform by 20%. The BTCDOM index components include Binance and Binance Futures 'top 20 cryptocurrencies by listed value. Excluding BTC and stablecoins, the OM weight is only about 5%. The suspected cause of this abnormal fluctuation was the market maker mistakenly judged that the sharp fluctuation in OM prices was a change in market structure and mistakenly triggered a strategic buying operation.
Disclaimer: The views in this article are from the original Creator and do not represent the views or position of Hawk Insight. The content of the article is for reference, communication and learning only, and does not constitute investment advice. If it involves copyright issues, please contact us for deletion.
