I think the bankruptcy of ftx, the second largest crypto exchange, probably has something to do with the very fast drop of the whole crypto market.
Now that blockfi also has suspended withdrawals, things aren’t looking that good for the near future.
There are just so many people that try to get smart with leverage trading and then get squeezed out of their money
Oh for sure man! I think they were holding the stuff back for the elections most likely, you know politicians are desperate to hold onto power and argue with people on macro economic stuff to hold off around election season. If the place was Binance, being outside the US, I could understand but it was a US company so I have a good notion that’s what happened.