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by jvsg_ 1 day ago
Citadel spread the rumor that the Fed was going to hike rates this week. This led to Situational Awareness getting margin called on their longs.
2 comments

Quite similar to CZ and FTX.
That's a meme conspiracy theory on twitter that nobody in the industry takes seriously.
Please educate me what exactly is the conspiracy theory here. Are you saying it is beneath Citadel to play this trick?
The cause and effect don't make sense because Citadel putting out such an opinion moves the entire market by only a few basis points which barely impacts what you're saying they're trying to impact. It's one of those narratives that sounds good because it's "Citadel" in both cases, which makes it go viral on social media among people who don't know what they're talking about, but it isn't coherent.