Crypto Exchange OKX’s Token OKB Suffers 50% Flash Crash Amid Liquidation Cascade

Bitbuy
Oliver Knight
Paxful

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Flash crashes are common in crypto markets as thin liquidity is often distributed across multiple venues. Two percent market depth, which measures the amount of capital required to move an asset by 2%, is between $224,000 and $184,000 for OKB, meaning that a sell order of more than $224,000 could cascade price again.

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