TechFlow news, October 12: Vida, founder of Formula News, posted on her personal channel this morning that she went long $4 million worth of SOL at an average price of $175.8 and $500,000 worth of XPL at an average price of $0.395—equivalent to one-tenth of her capital. This position has no certainty whatsoever; it's purely speculative. I'm betting that the market will quickly recover after U.S. stocks open on Monday, just as it did after every previous weekend negative event. The crypto market has now fallen an average of 30%, pricing in an extreme scenario where the S&P 500 drops 5% at Monday's opening. But if the S&P 500 doesn't fall as much as expected, sentiment will rebound rapidly.
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