A $20 billion loss in crypto futures wasn't a crash but a reset driven by over-leverage and traders betting on an October rally that never came. FTX and Luna failures killed confidence in alt-season, but the speaker sees new positive developments ahead for crypto.
And recently, of course, there was about $20 billion wiped from futures. Really upset the market. People called it a crash, but really let's just call it what it is. It's like a reset. It's like a reset button. And yeah, I guess when people might think October's happening, gonna take some leverage, gonna risk it all, you can get wiped out. And I think that's what happened. I think people are impatient. Yeah. And they want what they've been promised. We've been waiting for alt season for a long time. Well, I think that died with FTX and Luna and a lot of other things, and I think now is just different, but good things are coming ahead.
Inside Uniblock | Co-Founder Kevin Callahan on Blockchain Infrastructure & Where Value Is Captured
