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Sam Bankman-Fried and Matt Levine on How the Crypto Market Really Works
Odd Lots
Is the Industry Less Levered Than It Was?
The market makers and exchanges are better at liquidating positions, being able to do it in a more orderly way. 20 million dollars of long positions got locatated over a weeklong period during the biggest part of the drop in cripto. But i strongly believe that the crypto ecosystem isn't a stronger, healthier position because of leverage than it would be if there was never any leverage.
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