The Trader Top 9: Robinhood Rally in Question
Welcome back to another Trader Top 9. First, we watched the Robinhood rally and bankrupt stocks bounce. Today we are witnessing a strong pull back. This week the stock market has been even more wild than the bitcoin space!
9. Really, we’re not joking. Bitcoin has had some of its lowest volatility in months. The Block’s Larry Cermak did make this interesting observation about volume and price moving in opposite directions - speculating that it has to do with the rise in derivatives.
8. And of course, it wouldn’t be the crypto industry without *some* crazy story - in this case how Three Arrows Capital made a big investment in a fast growing options exchange and then allegedly tried to immediately re-sell it for 2x!
Ultimately, Three Arrows capital decided to respond. Here's their side of the story.