The Sea of Red Extends Beyond Crypto
As Bitcoin falls further on reports of more crypto contagion, other risk assets, yields, and commodities join the party. Even the mighty U.S dollar is red premarket. Still, Concoda remains cash heavy
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Concoda’s statement on recent events
We want to make clear that we’re not making fun of crypto fans losing money. Our beef has always been with the insiders, pumpers, and exchange owners like Sam Bankman-Fried who know exactly what they are doing — and telegraph what they are doing in plain sight. We know individuals who’ve been affected by the FTX fallout. Simply, we are amplifying the rot that we’ve been talking about for a while. As of now, our previous articles are becoming prescient and will likely become more relevant in the coming weeks. They’re well worth a re-read. Thanks.