Wintermute Founder Criticizes Misinterpretation of Market Volatility

Wintermute founder Evgeny Gaevoy expressed his views on social media on January 31. According to BlockBeats, Gaevoy emphasized the importance of public figures exercising caution in their statements. He clarified that the market fluctuations on October 10 were not due to a 'software glitch' but were instead triggered by macroeconomic news during a low-liquidity Friday evening, leading to a flash crash in a highly leveraged market. Gaevoy acknowledged the general dislike for bear markets, especially when all asset classes except crypto are rising. He criticized the tendency to scapegoat, stating that blaming a single trading platform is not an honest assessment of the situation.