And there it is: Jane Street was behind the 2022 crypto winter, destroying Terraform by first depegging the token and destroying the ecosystem, then pretending it would rescue Terra, while effectively it was soaking up what little value remained.
Imagine being Powell right now.
Brought inflation down from 9% to 2% while keeping the unemployment rate at 4%.
Stocks, Bitcoin, and Gold are all at all time highs.
And people are demanding he resign.
$2.15b liquidated from the crypto market in the past 24 hours.
Worst liquidation event in history in a single day.
Worse than LUNA. Worse than FTX ($1.6b).