I thought I heard that hedge funds have a percentage of asset types they have to maintain and when one asset needs to be sold the % needs to be rebalanced. This means BTC has to be sold off in tandem with other assets.
I really forget the source of where I heard this and I think it was also back in 2022 with the other crashing and burning of Luna, Celsius, FTX etc.
wolfbearclaw / Steven Day
npub1pw…8pf5t
2023-03-10 15:45:37 UTC
in reply to nevent1q…dwd7
Author Public Key
npub1pwtrrydty95q5ces0tkm2r7hkqfe9jwxhmmee5xwke6g4lz70l7sd8pf5tSeen on
wss://nos.lolPublished at
2023-03-10 15:45:37 UTCEvent JSON
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