Why This Digital Asset Fund Fled to Cash Amid $19B Crypto Meltdown

Core Insights - The article discusses a significant $19 billion liquidation cascade that impacted the crypto markets recently [1] - Round13 Capital's decision to go all-cash is highlighted, contrasting with many bullish forecasts for Q4 [1] Market Impact - The liquidation cascade indicates a major disruption in the crypto markets, suggesting heightened volatility and risk [1] - The decision to hold cash reflects a cautious approach amidst uncertain market conditions [1] Fund Strategy - Round13 Capital's move to an all-cash position signifies a strategic pivot in response to market dynamics [1] - This decision may influence investor sentiment and strategies in the broader investment landscape [1]