First Mover Asia: Crypto Momentum Falters as Bitcoin Retreats to $23.6K

“Crypto liquidity is dominated by only a handful of buying and selling companies, together with Wintermute, Amber Group, B2C2, Genesis, Cumberland, and (the now-defunct) Alameda. With the lack of one of many largest market makers, we are able to anticipate a big drop in liquidity, which we are going to name the “Alameda Hole,” Kaiko wrote in a November briefing observe.