Thread : 🧵
Manipulation Alert 🚨 Bybit
What that implies..
•Fake volume or exaggerated OI via internal wash trading
•Bybit may be front-running or hunting stop-losses/liquidations—not directly (that’d be illegal) but through:
+Tweaked liquidation algorithms
+Thin order books manipulated with bots
•Market making/internal books on Bybit might be engineered to trap retail traders.
•Bybit’s OI and liquidations dominate but their volume doesn’t, that suggests exaggerated exposure, possibly used to bait retail with leverage.
•Delisting = thin liquidity = easy to move = perfect setup for engineered liquidation events.
Using $ALPACA
Let's break it down
•XRP (massive cap 127B, highly traded, well-known) has only $4M in liquidations.
•ALPACA a random, low-cap token (~$25M mcap) has $16.1M in liquidations, despite being delisted from @binance
•Bybit is responsible for 82% of those liquidations.
•Bybit has only 9% of the token's total volume, yet somehow dominates the liquidations.
