CryptoQuant CEO: CeFi stablecoins operated by hedge funds only work in a bull market
Ki Young Ju, CEO of CryptoQuant, stated on social media that if there is a way to short BTC by holding some DeFi-wrapped BTC, the market size will be smaller than its TVL. This is only effective in bull markets where CeFi stablecoins are operated by hedge funds.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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