富婆让三个女儿找到
可以填满屋子的东西
谁找到了就可以继承她的遗产
大女儿找到了几车木头
富婆摇头
二女儿找到了几堆稻草
富婆还是摇头
三女儿找到了套利ETH成功的群友
群友拿出了平仓截图
焦虑瞬间填满了整个房间

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The wealthy woman asked her three daughters to find something that could fill the house. Whoever found it would inherit her fortune. The eldest daughter found several cartloads of wood. The wealthy woman shook her head. The second daughter found several piles of straw. The wealthy woman still shook her head. The third daughter found a friend in a group who had successfully profited from ETH arbitrage. The friend showed her screenshot of closing out her position. Anxiety instantly filled the room.

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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