Anh em crypto không cô đơn, khi thị trường crypto crash, các quỹ tài chính truyền thống cũng có quỹ ra đảo luôn.

Hôm nay có tin đồn lan truyền rằng một hoặc vài quỹ đầu cơ (hedge funds) – có thể từ Hong Kong – đã bị 'ra đảo' hơi xa sau khi thị trường giảm mạnh 2 ngày qua.
Cụ thể, options trên ETF Bitcoin spot của BlackRock (IBIT) ghi nhận volume kỷ lục 2.33 triệu contracts trong ngày crash. Ước tính tổng volume các contracts này vào khoảng 8–10 tỷ USD, tương đương với tổng giá trị spot trading volume của IBIT trong cùng ngày.

Nói nôm na cho anh em dễ hiểu là các quỹ mua IBIT (tương đương BTC) nhưng không ngờ là IBIT giảm giá nhanh quá, các quỹ short đuổi để đỡ lỗ 😂😂😂

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Crypto investors aren't alone; when the crypto market crashes, even traditional financial funds end up going bankrupt.

Rumors are circulating today that one or more hedge funds – possibly from Hong Kong – have been "sent to the island" a bit too far away following the sharp market decline over the past two days.
Specifically, options on BlackRock's Bitcoin spot ETF (IBIT) recorded a record Volume of 2.33 million contracts on the day of the crash. The estimated total Volume of these contracts is around $8–10 billion, equivalent to the total spot trading Volume of IBIT on the same day.

To put it simply, the funds bought IBIT (equivalent to BTC), but unexpectedly, IBIT dropped in price too quickly, so the funds Short it to minimize losses. 😂😂😂

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. [...]

The Black Swan Event Was Actually This: The Real Reason for the Recent Bitcoin Crash

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 crash, 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. Bitwise CIO Jeff Park offers a new analytical framework from the perspective of options and hedging mechanisms.
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The release of this new regulation marks a historic leap in the attitude of Chinese regulators towards virtual assets, shifting from a "complete ban" to a "combination of restriction and guidance."

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