I’ve always been curious, on 10/11, was it only retail investors getting rekt? Lately, all signs point to institutions struggling to keep it together too. Frequent hacks on DeFi protocols, synthetic stablecoins losing their peg—most of it boils down to severe deficits. They’re scrambling to fix things, but it’s still the retail investors who get hurt! There are also some ticking time bombs yet to go off. For now, it looks like the crypto market’s liquidity crunch will continue. Even the retail investors’ last scraps have been taken—it’s pure zero-sum game out here.