SK Hynix perps flash crashed to $900 on Hyperliquid before the KOSPI even opened
A perpetual tied to SK Hynix flash crashed to $900 on Hyperliquid overnight, while the Korean market wasn’t even open. Because these are thin markets without the big volume of regular hours, the speaker sees a cautionary tale in trading tokenized versions of these assets. A fat fingered order or a liquidation can drop the price 20% instantly, snap back, and then the real market opens down 15%. Crazy things happen when the main market is closed, and these venues just aren’t efficient yet.
#Hyperliquid #Crypto #TokenizedStocks #DeFi #Trading
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