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by lend000
1308 days ago
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This doesn't make much sense to me. I think the problem is that arbitrage just dried up (as it does in a maturing market), and SBF got high on his own farts and started making directional bets. This is clear from the amount of FTT tokens that were held by Alameda in comparison to the amount of assets a typical market maker would hold relative to a pair's liquidity. |
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