A large leveraged buy position in ARC collapses on Lighter. This triggers auto-deleveraging, and the liquidity provider's loss is approximately $75,000. The whale loses $8.2 million in the ARC perpetual contract market.
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A large leveraged buy position in ARC collapses on Lighter. This triggers auto-deleveraging, and the liquidity provider's loss is approximately $75,000. The whale loses $8.2 million in the ARC perpetual contract market.