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I think many people kinda realize on Friday that perps may not always be the strongest or safest instrument. Sometimes, like, liquidity is reduced automatically before, like, market makers can can even react and reintroduce liquidity in the market, which I think once again adds into the whole perfect storm dynamic.
What do you think about hyperliquid? Is hyperliquid a winner or loser coming out of this?
I'm optimistic and bullish now. Hi, everyone. Welcome to another episode of Bits and Bips, the show where we explore crypto and macro colliding one basis point at a time. This is a very special episode just given what's happened in the market over the last almost seventy two hours or so. Typically, we're trying to decide what we're gonna talk about. That's Trump, Fed policy. None of that is an issue today. We're gonna discuss what happened on Friday, lessons learned over the weekend, and more or less, how crypto is going to respond moving forward.
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But but first, just a few quick introductions. I am your host, Steve Ehrlich, high scribe of the Unchained Kingdom. I'm here as always with Ram Alawwalia, the maestro wealth leader of Lumida, and we've got two very special guests. So let's introduce them quickly. First, have Carlos Guzman, chief scholar of GSR Citadel. So welcome, Carlos.
Hello. Love to
meet Carlos, why don't you just briefly tell us a little bit about yourself? I imagine most of our viewers and listeners are familiar with GSR, one of the larger market makers in the space.
Yeah, sure thing. So I'm a research analyst at GSR. We're a big market maker across exchanges, such as exchanges and such as exchanges in crypto, also big OTC desk and systematic OTC desk. And yeah, we partner with projects to provide liquidity and just also as a broader capital markets partner across advisory, help with treasury management and a bunch of other places in the space, including as a big investor as well. So, yeah, pleased to be here.
And we also have YQ, commander of the Rollup Armies at Altair. And a special thank you to YQ for joining us because he's in Singapore, where it's right now 02:30 in the morning for him. So YQ, welcome.
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