The crypto industry has once again ushered in the "darkest moment". From last night to this morning, the cryptocurrency market accelerated its plunge, and BTC once fell below $49,000, with a single-day drop of nearly 20%.
Investigating the reasons for the plunge, in addition to macroeconomic influences such as recession expectations and the situation in the Middle East, Jump's potential black swan may also be seen as a driving factor in the market's decline. This morning, BitMEX co-founder Arthur Hayes posted a message saying that a "big guy" was disposed of and was selling all crypto assets, and the community generally speculated that the "big guy" he referred to was Jump.
As one of the major service providers and most active investment institutions in the industry, if Jump collapses, it will inevitably have a huge impact on the market, and projects that directly invest and work with the institution may be the first to bear the brunt.
P.S. Buy the DIP & DYOR !
