Posted on Leave a comment

How exchanges created the last week crypto market crash

The owner of exchanges don’t really care the price. THey are doing business to print profit/revenue in every month/quarter. Binance is a big player in all exchanges. The last crash at last Saturday was definitely created by Binance.

Open Interest was swept out bigly. In the eyes of traders, this was crash/market bloody/nightmare/Fear but in the eyes of exchanges, this was harvest after long time accumulation of overleverage of long positions. That happened one time per month no matter where/how price btc is going

Leave a Reply

Your email address will not be published.