Both institutional and retail investors have been on edge since FTX’s collapse as they attempt to anticipate the effects of a third market-disrupting contagion on the crypto market and the crypto industry at large. The first two contagions were precipitated by the Terra-Luna collapse, in May, and Three Arrow Capital’s implosion, in June, respectively.
Bitcoin’s (BTC) Recent Weakness Has Not Been Isolated to Crypto Markets, Coinbase Says
“The average weekday spot volume on CEXs during 1Q24 was $18.8 billion, more than eight-fold the $2.3 billion daily volume...