🚨 GOLD AND SILVER BLACK SWAN.
Gold: -15%. Silver: -38%.
In the last 24 hours, $15T+ has been wiped out from Gold and Silver. That's half the GDP of the United States... GONE in ONE DAY.
We just witnessed the first Sigma-10 event in financial history. Mathematically, this shouldn't happen in the lifetime of the entire universe.
The SIMULATION is LITERALLY BREAKING.

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Author | Jeff Park (Chief Information Officer, Bitwise)
Compiled by Odaily Odaily(@OdailyChina)
Translator | Dingdang (@XiaMiPP)
Editor's Note: On February 5th, the cryptocurrency market experienced another sharp drop, with over $2.6 billion liquidated in 24 hours. Bitcoin briefly plummeted to $60,000, but the market seems to lack a clear consensus on the causes of this decline. Jeff Park, CIO of Bitwise, offers a new analytical framework from the perspective of options and hedging mechanisms. [...]

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