I find surprising that traders are realizing now that Binance is completely rigged. When I used to trade in Binance, I regularly saw flash price jumps and liquidity disappearing with the only purpose to liquidate people. Although never in such a big scale as last Friday.
@Tradermayne You can own a big bag of an asset and at the same time short it for a short-term profit. If the short goes wrong, at least it is good for your big bag.
Just the exact minute when $LUNA seems to have touched bottom and starts to bounce, Binance logs me out and the login page returns a 500 error.. What a fucking coincidence! I can tell you these scammers are the ones behind the $UST crash..
@scottmelker There is plenty if evidence that many exchanges fake volume, do wash trading, have shady market maker programs, do inside trading against their users, do stop and liquidity hunting. And most of them are registered in countries out of any possible legal consequences.