Bitcoin’s 50% Drop From Peak Hammers Crypto Loans, Derivatives

Bloomberg | July 2021

"…The last month and a half has been challenging for the cash-and-carry traders," said Yuval Reisman, co-founder at YRD Capital, which allocates to systematic crypto managers. "The professionals prepared for a rainy day, by developing more strategies." Over the past month and a half or so, the fund's performance has been flat, taking its 2021 gain to 30%, he says…"

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