(4/🧵) The Liquidity Game
Many top exchanges quietly operate internal market-making desks.
These desks aren't just matching trades — they’re trading against you.
They become the counterparty to your position.
So when you lose, they win.
Now here’s the scary part 👇
(5/🧵)
These desks have access to:
Your stop-loss levels
Your liquidation price
Your position size
And they control enough liquidity to nudge the market in just the right way…
Just enough to trigger those levels.
It's not a theory. It’s the business model.