The so-called market is always right, I don't really believe this anymore.

It's not that I don't believe in cryptocurrency, but I no longer trust the contract market.

The current rapid decline clearly aims to trigger both long and short liquidations, and high-frequency trading can only avoid liquidation by:

1. Maintaining a nearly 1:1 hedging ratio, but if the price is pushed up, it gets trapped again.

2. Making the right call on every trend.

We haven't even discussed the damage from transaction fees.

Who benefits the most?

Earning commissions + earning margins at the same time.