Every Zipp story tagged #TailRisk, newest first.
Annualized vol is half what it was, yet tail-risk frequency has risen; that is the gap value-at-risk models can no longer ignore as institutions keep adding exposure.
Citadel's 25 bp hike call against a 64% hold consensus is the headline tail risk going into the FOMC, and the move that actually lands is the one bitcoin and rates desks are most asymmetrically…
Head of research Zach Pandl frames the shift as a structural de-risking for the largest corporate BTC holder, with a more durable price floor as the read for Bitcoin itself.
The 32-BTC sale is rounding error; the structural risk is whether STRC's preferred-equity flywheel can keep funding Bitcoin accumulation if rate pressure forces more selling.
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CoinTelegraph
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