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Arthur Hayes: Automatic collateral liquidation across margin positions could be a reason for market collapse.
On October 11, Arthur Hayes posted on social media, stating that rumors suggest that the automatic collateral liquidation of cross-margin positions by large centralized trading platforms is the main reason why many alts have been slaughtered in this round of fall. Congratulations to all the traders who bought the dip with open orders at low levels; the prices of many high-quality altcoins will find it difficult to return to those lows in the short term.