https://www.coindesk.com/markets/2025/10/11/how-adl-on-crypto-perp-trading-platforms-can-shock-and-anger-even-advanced-traders
Doug Colkitt’s explainer details a backstop that trims winners, ranks accounts by profit leverage and size, and keeps zero-sum markets solvent under stress…
How Auto-Deleveraging on Crypto Perp Trading Platforms Can Shock and Anger Even Advanced Traders
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