$1B+。Jane Street disclosed BTC ETF exposure.
It’s not to say they never make mistakes. But for a market maker, what they see is the real flow—who’s buying, who’s selling, and where the volume comes from. When they’re long, it carries more weight than ten KOLs calling orders.
Information asymmetry has always existed. This time, it’s the institutions showing the base plate.
It’s not to say they never make mistakes. But for a market maker, what they see is the real flow—who’s buying, who’s selling, and where the volume comes from. When they’re long, it carries more weight than ten KOLs calling orders.
Information asymmetry has always existed. This time, it’s the institutions showing the base plate.