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Find the roaches and make a meal: Crypto's new name of the game

It was one of the most dramatic weeks in the short history of the cryptocurrency market

cryptocurrency
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Bloomberg
The hot trade in crypto now is no longer pumping coins “to the moon” with tweets full of rocket-ship emojis, but rather trying to find where those roaches are hiding and make a meal out of them.  The “cockroach theory” springs to mind: If you see one of those nasty bugs scurrying across the floor, chances are there are plenty more hiding behind the fridge or under the sink.

Some crafty traders have dispatched bots to prowl blockchains in search of highly leveraged positions in danger of forced liquidation because the value of their collateral is no longer enough to back

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First Published: Jun 19 2022 | 10:15 PM IST

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