As I post on many threads, I have barely heard a single story about retail losing money on FTX, whereas I personally knew a handful who lost money with LUNA. I assume institutions are holding the vast majority of the bags here.
common joke amongst ct natives is that left curves got rekt in luna, while right curves got rekt in ftx. interesting to see it commonly admitted by corresponding market participants
That does make sense, but I’m oddly reluctant to give up on the mental image of a Connecticut locker room where crypto investment preferences are revealed by the individual curve direction.
