CryptoQuant CEO: CeFi stablecoins operated by hedge funds only work in a bull market
Ki Young Ju, CEO of CryptoQuant, stated on social media that if there is a way to short BTC by holding some DeFi-wrapped BTC, the market size will be smaller than its TVL. This is only effective in bull markets where CeFi stablecoins are operated by hedge funds.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin’s Surge: Should You Hold Strong or Shift Investments?
Exploring the Dwindling Altcoin Market Amid Bitcoin's Rapid Ascent: To Hold or Diversify Capital in May?
Bitcoin Reaches New Peak Amidst Higher Liquidity
U.S. Spot Bitcoin ETFs Face $359 Million Outflow
U.S. Brokerage Firms and Government Discuss Stablecoin Integration
Trending news
MoreCrypto prices
More
