Systematic Crypto Dump: Multicoin Co-Founder Identifies Forced Selling Patterns
Persistent programmatic selling across major cryptocurrencies suggests ongoing market digestion of October's liquidation cascade. Multicoin Capital's Tushar Jain observes systematic selling during specific windows, speculating a 'big forced seller' is unwinding positions. The pattern echoes 2022's post-liquidation fallout, where bankruptcies and counterparty exposures emerged gradually over weeks or months.
Jain links current activity directly to the October 10 liquidation shock, noting the delayed discovery of losses characteristic of such events. Unlike a single cathartic flush, this drawn-out process reflects institutional deleveraging and risk reassessment. The phenomenon underscores crypto markets' evolving maturity—where traditional finance-style unwinds now manifest in digital asset markets.
