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Ceteris Paribus
Head of research at Delphi, contributing data-driven market commentary, crypto research perspective, and risk analysis on topics like DeFi exploits.
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Oct 16, 2025
• 1h 5min
Hivemind: Record Liquidations, Auto-Deleveraging, & Biggest Post-Crash Winners & Losers
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Ceteris Paribus, who leads Delphi's institutional research arm, dives deep into the recent crypto crash. He discusses the chaos of auto-deleveraging and how it varies across exchanges. The team analyzes the surprising depeg of USDe and the implications for stablecoins during market stress. Ceteris also highlights the major winners and losers post-crash, suggesting that some exchanges thrived while others suffered reputationally. Prepare for insights into how new tokens and markets might reshape liquidity moving forward!
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