Note from Spencer Hallarn, our Global Head of OTC:
"As equity markets get smashed today, a rather peculiar rally in crypto especially centered in old school tokens: FIL, LTC, NEAR, DOT, ETC. One theory is this could be tied to Oct. 10 and maybe some exchange is repurchasing spot to make folks whole that had liquidations. These moves are unquestionably spot led, which isn't typical with pervasive negative funding across the board."
Have a great weekend.