Forward Guidance Crypto's Biggest Liquidation, DAT Strategies, & The Purification Trade | Jeff Park
35 snips
Oct 15, 2025 In this engaging discussion, Jeff Park, CIO of ProCap and expert in crypto dynamics, shares insights on the recent crypto market meltdown and the risks of over-leveraging. He predicts that Bitcoin may lead the way for altcoins and explains the importance of high-quality assets. Park also unveils ProCap’s Bitcoin treasury strategies and discusses the evolving world of DATs. Additionally, he reframes the debasement trade as a 'purification trade,' addressing macroeconomic distortions while examining long-term structural forces at play.
AI Snips
Chapters
Transcript
Episode notes
Perps Are Professional Tools
- Perpetual futures with high leverage are a professional product and can destroy retail wealth quickly.
- Crypto's cross-margin and spread trading struggle because assets move together and oracles can fail.
Don't Use Perps As Buy-And-Hold
- Avoid treating perpetual futures as buy-and-hold instruments or using full net worth as margin.
- Maintain larger safety margins because auto-liquidation and dynamic financing can work against you.
Bitcoin Could Lead The Next Cycle
- The recent washout may concentrate capital into higher-quality assets, especially Bitcoin.
- Bitcoin now sits at the center of global macro and could front-run altcoins in the next cycle.