The two original sins of passive market makers:
1⃣ Conflicting interests: Market makers receive tokens from the project side at zero cost and only need to return the corresponding amount a year later. From the very beginning, their interests are in opposition to retail investors. Not crashing the market is foolish.
2⃣ Withdrawing liquidity without protecting the market: Every time the market plummets, do the market makers not protect it? In fact, passive market makers directly withdraw liquidity, allowing retail investors to trample over it.
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