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This is massive honestly. They were likely $18B. And by most accounts, they were almost entirely trading their own capital. They were well liked and respected
by puranjay 4y ago
This is massive honestly. They were likely $18B. And by most accounts, they were almost entirely trading their own capital.
They were well liked and respected in the industry, having built up their fortunes trading over the years.
A little like Ray Dalio being on the run.
- randomhodler84 4y agoNot that big and not all their own capital. It’s the treasury management and VC investment in new projects that could be of concern.
- TaylorGood 4y ago^ this. Feels like this shoe really hasn't dropped yet, just mentioned on Twitter in a thread or two. Overall this is the most shaken I've been in the crypto space in a long time; this last week or two. The unwinding of giant firms is behavior of degens, not institutions. Add bear already + macro economic / political issues, and crypto thus far has blown it proving "drought tolerant" to the world around it. I'm still long on blockchain, but right now doesn't feel so great.
- puranjay 4y agowell the other shoe started dropping today :)