Wintermute founder: It's irrational to blame a market crash on a single exchange.

Huoxun Finance reported on January 31st that, in response to Cathie Wood's previous claim that "the Bitcoin pullback was caused by the $28 billion deleveraging event triggered by the Binance software glitch on October 10th," Wintermute founder wishfulcynic stated on the X platform, "I really hope public figures can be more careful with their wording. 10/10 was clearly not a 'software glitch,' but rather a flash crash in a highly leveraged market on Friday night due to insufficient liquidity and the influence of macroeconomic news. Speaking of which, I understand nobody likes being in a bear market and watching all assets except cryptocurrencies rise. Finding a scapegoat is certainly comfortable, but pushing all the blame onto one exchange is simply dishonest." Earlier today, Binance released a report on the "1011" market flash crash, acknowledging two technical glitches, but stating they were not the main cause of the decline.