My opinion is becoming firmer every day: leveraged futures contracts are distorting the market.
While $BTC has been stuck in a weak trend for months, coins that are almost unknown are showing up and rising by 100%, 200%, or more. I find it hard to believe that this is explained solely by natural purchases from investors.
Exchanges get a significant portion of their revenue from activity in the derivatives markets. That’s why many traders believe that mass liquidations end up having a major impact on price behavior.
Everyone should draw their own conclusions, but for me, the futures market completely changed the dynamics of cryptocurrencies.
#Bitcoin #BTC #Crypto #Binance #Trading #Futuros
While $BTC has been stuck in a weak trend for months, coins that are almost unknown are showing up and rising by 100%, 200%, or more. I find it hard to believe that this is explained solely by natural purchases from investors.
Exchanges get a significant portion of their revenue from activity in the derivatives markets. That’s why many traders believe that mass liquidations end up having a major impact on price behavior.
Everyone should draw their own conclusions, but for me, the futures market completely changed the dynamics of cryptocurrencies.
#Bitcoin #BTC #Crypto #Binance #Trading #Futuros