4. Wash trading is the norm

Trading with oneself to create an illusion of trading volume.

Purpose:

- To wash away low-cost chips (crashing the market to sell to oneself)

- To create beautiful candlestick patterns to deceive retail investors

- To climb exchange leaderboards (many exchanges charge fees based on trading volume, allowing the market maker to earn rebates)

#BinanceABCs

#巨鲸动向

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