Remember when 3 Arrow Capital was borrowing money from literally everyone? To punt longs? And to buy more Luna? That’s the same scenario playing out in AI just with different people. All under the speculation that AI will pull insane returns. Eventually a holder has to pullout, it happened at 3AC.. And we saw what happened after that.. first Insolvency rumors then literally a massive cascade in the market.. that’s when we found out the same group of $$$ was getting passed around. With BlackRock and BlackStone withholding investor funds going to be real interesting to see how shit plays out. All it takes is one person to blow the insolvency whistle. Lmao.