Here is a plausible story about what happened in the markets. And yet, I can't help but feel every time there's a chaotic move in crypto, there's a plausible story that "someone blew up," but we never later learn who the "someone" was. We still don't really know who the "someones" were on 10/10. Not to say it's not true. But having to wait 3 months for filings to test whether this hypothesis is true is another reason why on-chain markets are so much better.