DeFi TVL nuked from 149B to 113B, but the liquidation spike on Nov 4 told the real story with 67.8B in derivatives volume blown out in a single day.
The panic sellers folded. The system cleaned itself.
The bad debt is gone, the leverage is gone, and the reset is done.
We can breathe now, but that doesn't mean we're safe.
Not until we have market certainty.
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We're not safe yet.
DeFi TVL nuked from 149B to 113B, but the liquidation spike on Nov 4 told the real story with 67.8B in derivatives volume blown out in a single day.
The panic sellers folded. The system cleaned itself.
The bad debt is gone, the leverage is gone, and the reset is done.
We can breathe now, but that doesn't mean we're safe.
Not until we have market certainty.