What Black Thursday Says About the Crypto Market
summary
Markets plunge over >40% drop on March 12 and infrastructure responses diverge: an OTC desk reports business continuity drills and sustained liquidity from a BCP location, a retail exchange sees app downloads double and AUM rise ~60%, legacy exchange infrastructure handles the spike, while a major derivatives platform’s insurance fund intact leads to client flight and falling open interest there; pricing gaps emerge between BTC‑collateralized derivatives and fiat‑settled futures (Binance Futures vs CME), prompting faster scaling and renewed focus on collateral risk.
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chapters (12)
- 0:00Intro
- 1:05The BCP location
- 1:55Where were you on Black Thursday
- 2:52What were your thoughts
- 3:19What surprised you
- 6:06Investors
- 8:51Institutional Interest
- 10:05New Clients
- 12:22Crypto Education
- 13:30Mainstream Tipping Point
- 14:39Transparency
- 16:15Centralization
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