I have been in crypto since 2016, but I have not seen such severe manipulation at x15 before delisting. They write about 45 million liquidations. If you lost money (like I did), let this be an experience to reflect upon. Firstly, I am glad that I used about 5% of my deposit. Secondly, now at the first signs of such severe manipulation, I will exit trades and switch to another coin.
These price manipulations are very similar to fraud, and I think that in many countries this could be proven. But who will take care of this?
I think the team made a good profit on long positions on different exchanges before leaving this scene. Plus, they dumped a lot of coins to the retail investors. Who will buy a coin on the spot that is being delisted? I took a screenshot of the trades during the green candle; you can see that a bot is trading with a huge number of identical trades at that moment. I assume they had a profitable week.
I mentioned in a previous post a few weeks ago that soon they would be taking out all the short sellers, and here I was taken out myself😆.
On a positive note, Alpaca reminded me of almost any chart in 2017 and 2021. Over the year, we will see many such surges, as long as Bitcoin shows all the little ones how to grow.