The ethereum:0x31eea0edeb85b0cb65c1400bd2f4e487fd61b537 flash crash is underway. Interesting that the HIP-3 perp got nuked ~2% harder than spot. This is despite the perp’s “normal” state being a premium to spot (see 20%+ cumulative funding). So yeah, picking up a long through the perp (if you’re longing this thing at all) looks like the smart play here.
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