GOOD MORNING!!!
...Just like several colleagues will do today, I also think it's fair to bring some warmth to some "MARKET MAKERS"...let's understand this better...
During the weekend, we had a very normal price action, both in #BTC and Altcoins, but yesterday we had a quick drop in Bitcoin from $115.4K to $111.800K, and a quick drop of ETH that caused the LARGEST liquidation since 2021, and the most bizarre detail is that in 2021 when we had a liquidation of this size, ETH needed to drop -40% in 1 day, that is, totally different from yesterday...but let's move on.
As soon as the drop began, people got scared and different versions emerged as always, after all, there is always a reason for the drop, the difference is whether we know it before or after, in this specific case some well-connected people in the sector started posting a screenshot like the one here in this post, which showed the movement of Wintermute.
So let's clarify one thing here:
YES, Wintermute is manipulating the market downwards and it hasn't just started yesterday or today (it's been days), and YES, it's not just them, there are more market makers that are used by brokers who are constantly doing the same.
I won't get into the question of: WHICH BROKER CONTROLS WINTERMUTE, it doesn't matter...what matters is that THIS type of open manipulation should not be done to harm the vast majority of the time the SMALL INVESTOR, since they have much less purchasing power to stay in the trade.
That's why I constantly warn about this situation of excessive leverage, be smart and never use leverage higher than 20x. Always work with 5x / 20x and never more than that.
In this bear market, we saw large Brokers tarnishing their names in exchange for earning a few million more, and we saw great analysts silent to maintain their contracts, even when their omission harmed their followers.
I think people should express their discontent on Winter's networks 😇