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.

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ABOUT

It wasn’t narrative but market structure that drove yesterday’s big move down.

This episode is sponsored by Nexo.io.

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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

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.