(6/🧵) Leverage = Profit Center
Exchanges LOVE leverage. Why?
Because every liquidation means:
✅ Guaranteed fees
✅ Increased volume
✅ Widened spreads
✅ Potential asset grab from forced sells
Wynn’s $100M loss?
To them, it was just business as usual — more churn, more profit.
In 2023 alone, over $10.3 BILLION in long/short liquidations were recorded.
That’s not a bug.
It’s the business model.