Three Arrows Capital's On-Chain Activity and What It Reveals

Disclaimer: This is a market commentary research piece and includes opinionated views from our research team. We also note to readers that while we believe our labeling of various addresses in this piece is accurate, due to the pseudonymous nature of blockchains, there is no way to guarantee the addresses we’ve identified are associated with the various funds and firms mentioned in this piece.

Amidst a perfect storm of unforeseen events that have precipitated a market carnage over the last few months, swirling rumors about Three Arrows Capital’s (3AC’s) precarious financial condition has taken its toll on the market.