Markets turning weaker

Crypto hedge fund Three Arrows Capital plunges into liquidation as market crash takes toll

https://www.cnbc.com/2022/06/29/crypto-hedge-fund-three-arrows-capital-plunges-into-liquidation.html

This is the reason Dow took a dive recently.

You may wonder Why's Dow related to crypto？

Think again, banks, VCs or hedge funds who have surplus funds aren't so accommodative for risk taking peers, it's likely Three Arrows Capital have to borrow to enhance its yield and any squeezing of trading capital provisions will lead to liquidation in a market that's hardly liquid.  Even Bitcoin can't survive the market liquidation and teetering just above USD20k and likely going lower with more rate hikes and QT coming.