🔇Does opening a leveraged short on Binance add real market liquidity to the coin, or does it only affect Binance’s internal order book and accounting system?
Short answer :No (just a exchange profit)
When a user opens a leveraged short on Binance, it does NOT directly increase the real on-chain liquidity of that coin.
Most of the time, it is platform-level (internal) liquidity, not real coins being added to the market.