🚨 NEW Point System! 🚨
We're thrilled to announce the release of our new point system, paving the way for future airdrops and exciting rewards!
Here's what you need to know 👇🧵

Twitter

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.
...

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

Renowned crypto investor Jack Yi used Aave revolving lending to build a $2 billion ETH position, only to see it crumble during the market crash [...]
The article, "Yi Lihua Completely Sells Off ETH! Trend Research Sells 650,000 Ethereum in a Week, Losing $730 Million," was originally published on BlockTempo, the most influential blockchain ABMedia media.

Yi Lihua completely liquidated his ETH holdings! Trend Research reportedly sold 650,000 Ethereum in a week, incurring a loss of $730 million before exiting the market.

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. [...]

🌐 Test-net Users:
Test-net holders will receive some points for being an early user but priority is given to main-net users who have deposited and interacted with our products.

🍍 Main-net Users:
Main-net users earn points with every deposit! The more you deposit the more points you will accumulate!

🖼️ NFT Holders:
Holding our exclusive NFTs in your wallet unlocks additional points. The longer you keep them, the more points you'll earn

👥 Discord Community:
If you're part of our Discord community, be sure to link your wallet to unlock extra points.
Certain Discord roles come with bonus points, enhancing your rewards even further.

💰 Take Action!
The points for the airdrops have not been fixed yet which means you can STILL earn points and get bigger rewards down the line!
👉Also, something big is happening next week that you won't want to miss!
Life rewards those who take action, and so will we!  🍍