This matter has continued to escalate over the past two days. I previously wrote a very detailed account of the October liquidation event; the entire industry lacked an insurance mechanism to cope with extreme market conditions, or rather, it didn't grant market makers the maximum authority to drive down prices. There's been a lot of private infighting, just not public. More people will likely join this battle, which is quite pointless. The recent price drop is inextricably linked to this infighting, so there's not much to analyze. It seems Lao Xu has stopped the fight. He deliberately deflected the topic yesterday, giving them a way out, but it's unclear whether other forces will join the fray. $BTC $ETH $LDO #btc #eth #ldo {spot}(LDOUSDT) {spot}(ETHUSDT)