web analytics

First Mover Americas: It’s Ugly in Crypto With $200M of Margin Calls, Founders Selling Homes and Comparisons to 2008

Nikolaos Panigirtzoglou, cross-asset analyst at JP Morgan, wrote in a LinkedIn post Friday that it’s hard to tell how much more deleveraging still needs to happen in the market. Referring to the bank’s net leverage metric which is based on futures, he wrote that it suggests deleveraging is already well advanced.