PANews reported on February 6th that Franklin Bi, General Partner at Pantera Capital, speculated on the X platform that the recent massive sell-off in the cryptoPANews reported on February 6th that Franklin Bi, General Partner at Pantera Capital, speculated on the X platform that the recent massive sell-off in the crypto
A partner at Pantera Capital speculated that the recent sell-off in the crypto market was triggered by large Asian entities.
1 min read
PANews reported on February 6th that Franklin Bi, General Partner at Pantera Capital, speculated on the X platform that the recent massive sell-off in the crypto market was not orchestrated by a cryptocurrency-focused trading firm, but rather by a large Asian entity outside the crypto sphere. This entity had limited crypto trading counterparties, thus remaining unnoticed by the crypto community. Franklin Bi speculated that the entity engaged in leveraged trading and market making on Binance → closed out its yen carry trades → faced an extreme liquidity crisis → obtained a grace period of approximately 90 days → attempted to recover losses through gold/silver trading but failed → was forced to liquidate its positions this week.
Market Opportunity
Franklin Price(FRANKLIN)
$0.0000962
$0.0000962$0.0000962
USD
Franklin (FRANKLIN) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
Top NYC Book Publishing Companies
New York City has been the epicenter of American publishing for generations, but “NYC publishing” isn’t just one lane. Today’s landscape includes two very different
Share
Techbullion2026/02/06 14:02
Sensorion Announces its Participation in the Association for Research in Otolaryngology ARO 49th Annual Midwinter Meeting
MONTPELLIER, France–(BUSINESS WIRE)–Regulatory News: Sensorion (FR0012596468 – ALSEN) a pioneering clinical-stage biotechnology company which specializes in the
Share
AI Journal2026/02/06 14:45
Trend Research deposited 20,000 ETH into Binance, and then allegedly sold 47,000 ETH within 6 hours.
PANews reported on February 6 that Trend Research continued to deposit 20,000 ETH into Binance. In the past 6 hours, it appears to have sold 47,000 ETH to avoid
Share
PANews2026/02/06 14:45