The market should be correcting, but Binance won't and doesn't want to, because a large portion of Ethereum's short positions have not been liquidated. I guess these short positions will only get liquidated above $5000, and Ethereum is simply unwilling to correct, at least not until $4900, which would scare some people. So at this point, it's meaningless to watch; the exchange has trapped the short positions. If Ethereum drops significantly, the exchange will suffer heavy losses.
