Bai Coin Essence

Shock! Bitget's announcement directly points to retail investors 'manipulating the market', as chaos in cryptocurrency exchanges sparks heated discussions online. Bitget released an announcement stating that the actions of certain users in the market triggered the platform's risk control system, leading to the suspension of trading, deposits, and withdrawals for the relevant accounts. Within 24 hours, abnormal trading accounts will undergo transaction rollbacks, and account restriction functions will be restored after completion. This announcement has caused significant controversy in the industry, as it is rare for exchanges to claim that retail investors caused abnormalities. Most of the exchange's profits come from users' liquidation, and many exchanges implement technical methods during trade management to achieve desired trading forms. Major exchanges claiming that certain users manipulate the market seems ridiculous. There are numerous comments under this announcement on Twitter, with users questioning why their small accounts were also frozen and restricted from withdrawals. Others raised concerns about the rollback timing and accuracy, and some even used this opportunity to criticize various exchanges. In the cryptocurrency world, exchanges are the center of value, many of which operate in an unregulated state, with decision-making power resting with the exchanges themselves. Users play different roles within exchanges; when trading contracts or leveraging, they are counterparts to the exchanges, while buying spot products is akin to customers in a shopping mall. In contract and leverage gambling, users' hidden cards can be easily seen by the exchanges, leading to low winning rates. Approximately 15% - 20% of users want to engage in contracts or leverage, but typically lose their investment ability within a few months.