'The Last Big Whale': Why the Crypto Contagion of 2022 Eventually Hit Genesis - Ep. 426
Unchained
Crypto Carnage: Unraveling 2022's Downturn
This chapter explores the intricate factors that led to the 2022 crypto market crash, known as the crypto carnage. It examines the role of excessive credit expansion and under-collateralized lending, particularly highlighting the fallout from key players like Terra and the UST stablecoin. The discussion reveals the cascading effects of market liquidity, leverage, and the broader implications of rising interest rates, ultimately shedding light on the fragile state of the crypto ecosystem.
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