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Real Vision founder: The market cleared a lot of leverage on Friday, optimistic about a V-shaped reversal in the future.
On October 13, Raoul Pal, co-founder and CEO of Real Vision, posted that "Whatever the triggering factors, Friday's market was a flash crash. Flash crashes typically rebound in a V-shaped pattern to previous prices/ranges and then set new highs. In this case, we have also completely eliminated all accumulated leverage."