HashKey Digest Vol. 17: Data Commentary from Delphi on Wednesday’s Plunge

This issue was published on June 3 2021.

Important data to note:
Over 2 billion of BTC liquidated and over 10 billion of various crypto positions liquidated:

Deribit’s futures traded at -75% as huge selling pressure weighed on:

Gas Fee on Ethereum increased to 1,700 gwei, DeFi’s Gas war went on as Liquidators and arbitrageurs started vying for various opportunities:

Inflows into BTC exchange peaked since March 2020, which is not necessarily a bottoming feature, but a sign of shocks and a surrender of the weak hand.

Source: https://www.delphidigital.io/reports/delphi-daily-black-wednesday/