Steady Lads Is Wintermute Responsible For Crashing The Market? w/ Evgeny Gaevoy
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Feb 28, 2025 Evgeny Gaevoy, the Founder and CEO of Wintermute, shares his insights on the tumultuous cryptocurrency landscape. He addresses the company's controversial reputation and the brutal state of the market. Gaevoy discusses the implications of the Bybit hack and explores whether the recent $LIBRA investigation signals a crackdown on criminal activity in crypto. He also highlights market dynamics, including the effects of Solana unlocks and emerging strategies amid ongoing volatility. This lively conversation blends serious analysis with a touch of humor!
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Misunderstanding Market Making
- Evgeny Gaevoy recalls the CEO of Virtu Financial responding to accusations of shorting stocks on Twitter.
- This stemmed from misinterpretations of their balance sheet, illustrating public misunderstanding of market making.
Blaming Market Makers
- Blaming market makers for market downturns is common, as people avoid taking responsibility.
- This deflects from personal trading decisions during market fluctuations, like the Fartcoin OTC sale.
Perpetual Listings Without Spot
- Be cautious when a token gets listed on perpetual futures but not spot markets.
- This allows shorting, and with meme coins on Binance, it's often a bearish signal.