Just a taste of how the market reacted when UK lowered taxes sending the pound plummeting, now imagine when non allied countries decides to put the squeeze on dollar funding liquidity, the future looks like the U$ petrodollar could be replaced with big collapse of collateral margin calls hopefully my surmising is premature. Seems SBF learned some of this market derivative stuff at Jane Street, applied to FTX and Almeda a very small derivative trading platform that recently went into bankruptcy was it just a small clone of foreign exchange derivatives market. The news was amplified about FTX meltdown scares people away from crypto markets although FTX wasn't all about trading Crypto. Wonder how many people recall loss from Archegos Capital I don't remember it being in the news everyday operating as Bill Hwang personal betting casino swaps derivatives collateral and margin calls and the fund came tumbling down. oh did he meet Bernie Madoff yikes you can't make this shit up.
