Paradigm data analyst: Most ADLs occur near the bottom of the price, which actually increases short-selling profits

Paradigm data analyst Strom stated that while some traders expressed dissatisfaction with having their short positions closed by automatic margin deleveraging (ADL) before the market crash, data shows that most ADLs actually occurred near the bottom of the price, locking in near-optimal profits for short sellers. His analysis showed that Hyperliquid executed approximately 35,000 ADLs across 20,000 users and 161 tokens last week, 99% of which occurred within the five minutes starting at 21:16 (UTC) on October 10th. This period coincided with the midst of the market crash, and the ADL trigger point was highly synchronized with price movements. The subsequent price rebound resulted in ADLs actually increasing the profits of most short sellers.