“Bitcoin plays on hard mode.” Daniel Hinton spent years managing global liquidity relationships at SFOX, and he explains why a 24/7 global market with no clearinghouse outside the blockchain itself is so hard to keep efficient. He describes the multi-percentage-point dislocations that were routine between exchanges in 2018, why they’ve largely disappeared, and how the recent BitMEX wind-down still produced a perp market wick above $150,000 on thin liquidity. Hosts Grace Remington and Sean Hagan dig into what that means for anyone running margin or stop losses.
Chapters:
00:00 — Where the Most Sophisticated Bitcoin Capital Is Going Right Now
01:41 — Exchange Dislocations, OTC Desks, and Why Bitcoin Plays on Hard Mode
03:18 — The BitMEX Wind-Down and a Perp Wick Above $150,000
04:01 — Why Custody Is Back on the Underdeveloped List
05:30 — Building the UTXO Oracle for a Market With No Single Price
07:25 — Running Free Open Source Price Software Next to Your Node
08:21 — Sustainable Balance Sheets Versus Pure Leverage
10:20 — Hunting Dislocated Assets Across a Dozen Global Markets
12:02 — What Has to Be Built for Institutional Mandates to Allow Bitcoin
14:18 — Rounded Bottoms, the Honey Badger, and Resistance Priced in Gold
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DISCLAIMER: The views and opinions expressed in this show are those of the participants and do not necessarily reflect the official policy or position of BTC Inc., Bitcoin Magazine, or any affiliated entities. This content is provided for informational and educational purposes only and should not be construed as investment, legal, tax, or accounting advice. Nothing contained in this show constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or financial instruments. Viewers should consult their own advisors before making financial or business decisions.
