林晚晚的猫
--
There are 1–2 core market makers in the crypto space, and the losses are piling up fast.
Tom Lee said very straightforwardly ten hours ago,
so the liquidity in the crypto space is poor right now, not just because retail investors are out of money,
but more importantly, the balance sheets of the market makers are facing huge losses.
Once market makers can't hold on themselves,
the most direct consequence is: fewer orders, distorted quotes,
and the real sharks are thinking about how to guide the selling of BTC to wash the market again.
Of course, this won't change the super cycle of ETH brought by Wall Street.
As for when liquidity will recover?
According to Tom Lee:
it will take about 6–8 weeks,
at least until after Thanksgiving (November 27),
before the market has a chance to really become active again.
I think Tom Lee must have learned some internal news,
so let’s guess which market makers are facing huge losses?
Tom Lee said very straightforwardly ten hours ago,
so the liquidity in the crypto space is poor right now, not just because retail investors are out of money,
but more importantly, the balance sheets of the market makers are facing huge losses.
Once market makers can't hold on themselves,
the most direct consequence is: fewer orders, distorted quotes,
and the real sharks are thinking about how to guide the selling of BTC to wash the market again.
Of course, this won't change the super cycle of ETH brought by Wall Street.
As for when liquidity will recover?
According to Tom Lee:
it will take about 6–8 weeks,
at least until after Thanksgiving (November 27),
before the market has a chance to really become active again.
I think Tom Lee must have learned some internal news,
so let’s guess which market makers are facing huge losses?
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
3
0