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Key Takeaways
Andrei Grachev, head of DWF Labs, and Cristian Gil of GSR.io interact in a public Twitter feud.
The alternate has led to discussions in regards to the state of the crypto market and the position of market makers.
A Twitter consumer suggests a “Crypto Struggle Evening” the place the loser quits the crypto markets.
The Twitter Struggle
On September 21, 2023, a Twitter feud erupted between Andrei Grachev, the top of DWF Labs, and Cristian Gil of GSR.io. Grachev responded to Gil’s tweet, which criticized his presence on a panel dialogue involving GSR.io, OKX, and Wintermute. “I by no means thought that you might be THAT petrified of us. Yeah, we’re stronger than you by way of tech, buying and selling, BD and the whole lot,” Grachev tweeted.
Market Makers and Market Cycles
The alternate drew consideration from different Twitter customers, together with Delta (@deltaxbt), who questioned what this “beef” amongst market makers signifies in regards to the present stage of the crypto market cycle. Market makers play an important position in offering liquidity and facilitating trades within the crypto market, and their public disagreements may sign underlying tensions or shifts within the trade.
The “Crypto Struggle Evening” Proposition
In a shocking twist, a Twitter consumer named Mohammad (@Abu9ala7) proposed a “Crypto Struggle Evening” the place Grachev and Gil would face off, and the loser must exit the crypto markets. The concept gained traction, with some customers suggesting that such an occasion may set a “historic crypto backside” earlier than the following market run.
Picture supply: Shutterstock
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