 | Last Thursday saw the return of volatility to the charts, after a lengthy period of crabbing. But how big was the liquidation cascade? Well, here is a quick look at that move compared to other similar historical events. Below you see the total $ value allocated in futures contracts (non-expiring), making last Thursday's the 5th largest daily change on record! If you then look at the total amount of $ allocated in open futures contracts, last Thursday's move was the 2nd biggest on record. https://twitter.com/jimmyvs24/status/1693653439060783182 So clearly, it was a hefty move. Perhaps to some, not a surprise, see my post from about a week ago highlighting the longest periods of no volatility are often followed by the sharpest spikes in volatility! - Well, it happened again. Stay safe out there, only use leverage if you're comfortable losing what you put in! [link] [comments] |
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