​What Actually Drives Crypto Markets Today?

​Inside Market Structure, Flows & Derivatives

​Crypto markets have long been explained through narratives: cycles, halving events, and “Bitcoin as digital gold.”

​But today, the market looks very different. With the rise of institutional capital, ETF flows, and the rapid growth of derivatives markets, price formation in crypto is increasingly shaped by market structure, not just stories.

​👉 So what actually drives crypto markets today?

​Join us for a fireside chat with Jim Hwang, Co-Founder & COO of Firinne Capital, who brings an institutional perspective from traditional asset management into digital assets. Before crypto, Jim worked on quantitative strategies, portfolio construction, and factor investing at leading global institutions, including CPP Investments and Barclays Global Investors.

​In this session, we’ll go beyond narratives and explore:

• ​How crypto market structure has evolved across cycles

• ​The role of institutional capital, ETF flows, and macro factors

• ​Why derivatives (perps & options) increasingly dominate price dynamics

• ​How professional investors manage exposure and risk in this environment

• ​What most people misunderstand about how crypto markets actually work

​🎯 Who should attend?

• ​Anyone interested in crypto / digital asset investing

• ​Those curious about trading, market structure, and macro

• ​Anyone who wants to understand how markets work beyond surface-level narratives