Waves Founder Blames Quick Sellers for Its Woes. This is Why That is a Crimson Flag

Based on Jeff Dorman at crypto asset administration agency Arca, the chaos might have already elevated quick strain slightly than easing it. Establishments and hedge funds tired of holding WAVES on its deserves, he says, “are all in all probability scrambling proper now to discover a WAVES holder to get a borrow from [to enable shorting], however they’re probably unsuccessful in doing so. The unfavourable funding fee [for WAVES] on FTX, for instance, is indicative of how little borrow there may be, as those that wish to quick have resorted to promoting perpetual futures.”