Would we be here had a certain someone not nuked out MM’s on 10/10 causing liquidity to dry up?
Unsure.
Imo though if this is the bear it is better it happens and reverses fast due to lower liq.
Rather die by getting my head blown off than by a million paper cuts.
I know that I don’t know but seen v few ppl talking about the lack of liq in the books and the effect it’s had. They’re pretty dry and have been since 10/10.
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Would we be here had a certain someone not nuked out MM’s on 10/10 causing liquidity to dry up?
Unsure.
Imo though if this is the bear it is better it happens and reverses fast due to lower liq.
Rather die by getting my head blown off than by a million paper cuts.
I know that I don’t know but seen v few ppl talking about the lack of liq in the books and the effect it’s had. They’re pretty dry and have been since 10/10.