CryptoQuant CEO: CeFi stablecoins operated by hedge funds only work in a bull market

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Cointime2024/04/05 02:40

By:Cointime

Ki Young Ju, CEO of CryptoQuant, stated on social media that if there is a way to short BTC by holding some DeFi-wrapped BTC, the market size will be smaller than its TVL. This is only effective in bull markets where CeFi stablecoins are operated by hedge funds.

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