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The Real Story of the Crypto Crash Has Very Little to Do With Elon or China
It wasn’t narrative but market structure that drove yesterday’s big move down.
Listen or watch all the new CoinDesk podcast episodes wherever you want.
ABOUT
It wasn’t narrative but market structure that drove yesterday’s big move down.
This episode is sponsored by Nexo.io.
In this episode of “The Breakdown,” NLW looks at the market structure dimension of the crypto crash, leveraging insights from Alameda Research, Willy Woo and many more. He explores:
- Why the recent bull run was driven by derivatives more than by spot trading
- How crypto moving onto exchanges signaled the big move down
- How cascading liquidations made the down moves even more extreme
- What the industry thinks about 100x leverage
- Insider reports on how institutional investors responded
See also: Bitcoin Back to $42K, Nearly Recovering All of Wednesday’s Losses
Image credit: Andrey Suslov/iStock/Getty Images Plus
HOST
Nathaniel Whittemore
NLW is an independent strategy and communications consultant for leading crypto companies as well as host of The Breakdown – the fastest-growing podcast in crypto. Whittemore has been a VC with Learn Capital, was on the founding team of Change.org, and founded a program design center at his alma mater Northwestern University that helped inspire the largest donation in the school’s history.
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A Landmark Moment for Crypto in Europe as MiCA Passes
The Markets in Crypto Assets bill is the first major global comprehensive crypto legislation.
Apr 22, 2023
The Case for U.S. Stablecoin Regulation
For the second straight day, the House Financial Services Committee held a hearing on crypto-related issues.
Apr 20, 2023
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