What happened on Feb. 5?

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• Figure

• Crypto Tax Girl

What happened to Bitcoin on Feb. 5? And why does the apex crypto continue to underperform?

DeFi Development Corp investment chief Parker White has some theories. In this Unchained podcast episode, Parker walks Laura Shin through them as they gain traction on X.

At the center of it all is non-crypto Hong Kong fund and another fund that may be executing a ‘Big Short’-style trade using derivatives.

Listen to find out why Parker is so convinced.

Guest:

• Parker White, COO/Chief Investment Officer at DeFi Development Corp

Links:

• Bitcoin Mining Gets a Rare Reset as Weaker Players Drop Out
• Why Bitcoin Is Down, Plus the Rare Bright Spot in Crypto: Hyperliquid
• Crypto Sentiment Is Down Bad. The Reality Is Far Different, Says Ryan Watkins

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