楠神
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Why the meme of winter market-making like ACT will crash comprehensively.
Come on, let me tell you why the meme of winter market-making like ACT will crash comprehensively. It's not about WM abandoning the market. It's because the rule change by BN caused it, and although BN announced it in advance, the impact is greater than expected.
Why does a rule change lead to a crash?
Let me explain this causal chain step by step:
1. The impact of rule changes.
Binance adjusts contract position limits and leverage ratios, usually to control risk and prevent excessive speculation or market manipulation. For example:
Position limit lowered: Suppose a previous account could hold a contract position of 10 million USD, now the limit has become 5 million. Those positions exceeding the limit must be reduced or closed.
Why does a rule change lead to a crash?
Let me explain this causal chain step by step:
1. The impact of rule changes.
Binance adjusts contract position limits and leverage ratios, usually to control risk and prevent excessive speculation or market manipulation. For example:
Position limit lowered: Suppose a previous account could hold a contract position of 10 million USD, now the limit has become 5 million. Those positions exceeding the limit must be reduced or closed.
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