💸 One Fee Change That Can Completely Change a Trading Desk's Profits Most market makers don't stop quoting during volatility because they're afraid of the market. They stop because the numbers no longer make sense. During the sharp $BTC correction in March 2026, fear spread fast. TokenInsight's liquidity report showed that leading exchanges kept much deeper order books, while liquidity on many other venues disappeared within hours. 📊 To me, that wasn't just a liquidity story - it was a clear example of how trading costs shape market behavior. Higher volatility created wider spreads, but every hedge became more expensive. For desks trading on standard retail fees, the extra cost quickly started eating into potential profits. At that point, removing quotes wasn't an emotional decision - it was the only logical one. Products like WhiteBIT's Market Maker Program could change that equation. Maker rebates reach -0.012%, while hedging costs stay at 0.020% on spot and 0.025% on futures. https://bit.ly/4wQA5xy I've noticed that the strongest market-making desks rarely win because they predict price better. They win because their operating model allows them to stay active when others are forced to step back. In volatile markets, that's often a much bigger advantage than getting the direction of $BTC right. 🚀 Disclaimer: This is not financial or investment advice. Do your own research before making any decisions. Use at your own risk. #Ad #BTC Price Analysis# #Macro Insights#