The founder of Wintermute has addressed the recent “1011” flash crash, emphasizing the necessity for circuit breakers in the market. He believes that current market conditions do not favor an altcoin season in the short term. The founder pointed out that such mechanisms could help stabilize trading and prevent extreme volatility. He noted that a circuit breaker could act as a safeguard during unexpected market movements, ensuring traders have time to react appropriately. He also expressed concerns about the overall market sentiment and its implications for various cryptocurrencies.
