Messari Product Owner: Hedge Funds "Long Go" Very Risky When Bitcoin Drops Sharply

According to U.today news, Qiao Wang, product leader of the encrypted data statistics site Messari, said on Twitter today that many cryptocurrency hedge funds have decided to "go long" when the price of bitcoin plummeted. I think this is in line with the current macro environment. What happened was completely disconnected and very risky. He added that managing other people's money is not the same as managing my own money. Personally, I can afford a 50% loss, but it is unreasonable to use the user's money to bear such a large risk.