$1.4B of Bitcoin is on the move, and some people wonder where it's going.
. He also clarified on Sunday that LFG is “not trying to exit its Bitcoin position,” but that it was putting capital in the hands of a professional market maker to buy UST if the price falls below the peg and buy BTC if the price was greater to or equal to the peg.
The goal is to have this capital in the hands of a professional market maker such that:thus significantly strengthening the liquidity around UST pegOn Monday, Kwon also tweeted that he would be “Deploying more capital,” though he didn’t specify to what extent.completed last week via over-the-counter swaps with Genesis Trading and direct purchases from crypto venture fund Three Arrows Capital. At the time, the nonprofit organization was said to hold roughly $3.
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