Brother Da tells you how chaotic the capital jungle in the cryptocurrency world is.

First of all, which team can know this news in real-time and dare to put out such a large amount of capital to take advantage? Whether there are issues within BG, we cannot know. What we need to understand is that this world is full of information asymmetry. Maybe if you catch one, it can earn you tens of millions of dollars. Brothers, what does 160 million RMB in half an hour mean?

Another major issue is that everyone assumes that the liquidity of exchanges is provided by market makers, and that exchanges only earn transaction fees, which is also the source of income promoted by exchanges. Now, this tweet undoubtedly tells everyone, I am both the referee and the player. How much you can win or lose, I already know the moment you sit at the table. This is another information asymmetry. How likely do you think you are to win in such a situation?

After all, if there are market makers pushing the coin prices, then what qualification does the platform have to launch the reclaimed funds fairly? This is 20 million dollars. Some small market makers may have all their assets at this amount. Who has the ability to give others tens of millions? Therefore, many coins from BG are likely made by the exchange itself, which means I am both the referee and the player.