X @TylerD 🧙♂️
TylerD 🧙♂️·2026-02-06 23:50
Potential explanation for this week’s selloffDean Eigenmann (@DeanEigenmann):was sent a pretty in-depth report on what's driving the crypto unwind. the short version: a large non-crypto entity likely based in HK was running JPY carry trade funding into leveraged IBIT options + Binance positions + precious metals. Oct 10 blew a hole in the balance sheet ...