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 them.
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
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
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.