Yes, unfortunately this blew through the stop loss. This is the second recent time we had a “crash in minutes.”
There are some improvements we are investigating to make our stop loss system faster. But this move even went through traditional stop losses. Regardless, I want a good fix on our end to avoid losses like this.
One action we took in response was to deploy an updated BTC model that has learned from this recent 6-7K channeling and these two drops. Right before this crash, it looked like BTC might “break out” but it crashed instead–we want our model to smell this sort of thing coming as best as possible.