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Sam Andrew Profile picture
Sam Andrew
@samuelmandrew
Crypto @NorthIslandVC | Former hedge fund analyst (BlueMountain Capital) | Not financial advice
Jun 19, 2022 • 12 tweets • 5 min read
Crypto winter is freezing. @CelsiusNetwork is likely insolvent. Giant #cryto hedge fund is liquidating.

Here is what's happening: 🧵 4 things impacting crypto markets:
1. Macro - increased inflation and rate rise are having a magnified impact on high risk assets like crypto.
2. Celsius catastrophe - it's likely insolvent
3. @binance halting $btc withdrawals - spooked the market
4. 3AC liquidating