Haseeb Qureshi argues that the narrative blaming Binance and Ethena for the October 11 crash lacks supporting evidence. He highlights that Bitcoin hit its price low prior to the USDe anomaly on Binance, suggesting a different causal sequence.
Despite the severe market disruption, Qureshi insists that the crypto sector is fundamentally strong. He emphasizes that time and restored liquidity will help rebuild market confidence.
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