The interesting thing is that Bitget's insurance fund reserves are BTC, not stablecoins.
Once a large payout occurs, the insurance side may need to sell BTC to obtain liquidity. At the same time, after hackers obtain the stolen assets, they also need to process the funds through a series of operations.
On one hand, there may be selling pressure; on the other, the funds are forced into complex processes of cleaning, transferring, and exchanging.
Back and forth, what truly disappears from market liquidity may be far more than just the stolen amount shown on the books.
😂
$BTC $ETH #btc #eth
Once a large payout occurs, the insurance side may need to sell BTC to obtain liquidity. At the same time, after hackers obtain the stolen assets, they also need to process the funds through a series of operations.
On one hand, there may be selling pressure; on the other, the funds are forced into complex processes of cleaning, transferring, and exchanging.
Back and forth, what truly disappears from market liquidity may be far more than just the stolen amount shown on the books.
😂
$BTC $ETH #btc #eth
