An anatomy of Bitcoin price manipulation
IMO the other explanatory post by Coral Alexander linked at the beginning this post did a better job to describe the hypothesis in a more accessible and clearer language. https://www.coalexander.com/post/binance-spoofy-bots-and-liq... In this post, the central thesis that spoofing was the key igniter of the event was not clear IMO and it didn’t explain well how spoofing works, while the other post lays it out very well, along with dedicated explainers for the key terms.