Wintermute OTC Head Notes Decline in Risk-Taking After Record Liquidation
Jo, Head of Over-the-Counter trading at Wintermute, says traders remain cautious and focused on avoiding potential spillover effects following the largest recorded liquidation.
Summary
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Terms & Concepts
- Over-the-Counter (OTC) trading: Direct trading of digital assets between parties, bypassing public exchanges, often used for large transactions.
- Liquidation: Forced closure of a trading position due to insufficient funds to meet margin requirements.
- Spillover effects: Economic or market impacts that spread from one sector or event to others.