TRB really doesn't seem to be acting at all. This $70 million may have blown up many investors who leveraged 5-10 times. As mentioned a few days ago, this is Binance's strong control over the market. Your position information, stop-loss, and liquidation points are all clear to the market makers. The trend of the candlestick chart is just a temptation for you to enter, and then another candlestick chart is used to harvest your assets.

Does this kind of harvesting really not fear causing trouble for the retail investors…?

Also, around 4 o'clock last night, the spot price was significantly higher than the contract price, coupled with a -2% maximum negative fee rate. It is reasonable to speculate that this is to lure small market makers and professional investors to engage in spot-futures arbitrage. With over 50% fluctuation in a minute, even if a market order is closed within 2 seconds, it may still incur a loss of more than ten points.

This move is really ruthless… Once again, a reminder: never play with exchanges that have strong control over the market. Currently, Sei also follows this logic, so be cautious when entering the market!

Speaking of a broader perspective, by allowing Binance to operate in this manner, or tolerating market makers to do so, are they not afraid that the ETF will not be approved immediately… or do they simply not want it to be approved?

@0xjuu_17, what's your take on this?

TRB #Crypto

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