Celsius’ crisis exposes problems of low liquidity in bear markets
2022.06.23 09:40
Celsius’ crisis exposes problems of low liquidity in bear markets
After one week of pausing user withdrawals, swaps and transfers, the firm said it was maintaining an open dialogue with regulators and officials and plans to continue working with them regarding this pause. Celsius has yet to comment on when the company is going to stabilize its operations. Celsius has also paused communications on Twitter (NYSE:TWTR) Spaces and ask-me-anything (AMA) sessions “to focus on navigating these unprecedented challenges.”
Although Celsius has refrained from communication, media and social media have been buzzing with news and speculation going on around the past, present and future of the company. One of the most interesting developments is a community-led Gamestop-style short squeeze.
