The crypto market faces $2.24B liquidation as Wintermute and Binance scrutinized for manipulation- What's the actual story?
The crypto market saw $2.24 billion liquidated after Trump’s tariffs, sparking accusations of market manipulation involving Binance and Wintermute.2025 is proving to be a turbulent year for the crypto market, marked by two major crashes—one triggered by the launch of“Understanding that our little crypto market is now very directly linked to the real world outside is pretty essential to being a successful trader.
“We are not taking months long positions like Trabucco did at Alameda and when we take these positions, they are fairly small . Vast majority of our discretionary plays are longs, buying the dip or buy locked tokens at big discount type. While we do take short positions, these are very rare.” Market makers play a crucial role in maintaining liquidity, but their actions can amplify selling pressure during downturns.
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