SevenMotion
--
Congrats to everyone that held strong and bought more during this crash.
Just want to point out what happened yesterday.
Binance was a major player during this crash by using Wintermute to liquidate most leverage people and by doing so they made profit buying everything at a cheaper price.
People may ask what is Wintermute?
Wintermute is a company that works as a crypto market maker and liquidity provider. In simple terms, it helps make buying and selling cryptocurrencies easier by always being ready to trade large amounts. This means that when people want to buy or sell coins, Wintermute is there to keep the market active and prices moving smoothly.
In this update, Binance is sending hundreds of millions of dollars’ worth of crypto to Wintermute. The idea behind this move is to push the market into a state where other traders may be forced to give up their positions—this is what “force capitulation” means. Basically, Binance is using Wintermute’s power to shake up the market and make others back down, showing just how much influence big crypto companies can have in controlling the trading scene.
Take a Look 😉🫢
#BTC #ETH
Just want to point out what happened yesterday.
Binance was a major player during this crash by using Wintermute to liquidate most leverage people and by doing so they made profit buying everything at a cheaper price.
People may ask what is Wintermute?
Wintermute is a company that works as a crypto market maker and liquidity provider. In simple terms, it helps make buying and selling cryptocurrencies easier by always being ready to trade large amounts. This means that when people want to buy or sell coins, Wintermute is there to keep the market active and prices moving smoothly.
In this update, Binance is sending hundreds of millions of dollars’ worth of crypto to Wintermute. The idea behind this move is to push the market into a state where other traders may be forced to give up their positions—this is what “force capitulation” means. Basically, Binance is using Wintermute’s power to shake up the market and make others back down, showing just how much influence big crypto companies can have in controlling the trading scene.
Take a Look 😉🫢
#BTC #ETH
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
179
0