I checked Binance, and what I saw is not a market. It is a circus.
First, a delay on the spot market. You click buy, and nothing happens. Then a sudden violent dump, and a second later, a massive rip back up. The spread jumped over 20 points. What is going on?
Is the platform going to intervene? Of course not. Why would they? While you are sitting there watching the chart glitch, someone on the other side of the screen is taking your money. This is not a network delay. This is a hunt for your stop losses. Binance cares about volume, not about saving your portfolio.
My conclusion: I am not touching this chaos. When the spread is flying by 20 points and the spot market is lagging, it is a clear sign that liquidity has been completely drained. I will not feed the exchange my money. This is not investing; it is Russian roulette. Protect your capital and stay out.
$IOST
First, a delay on the spot market. You click buy, and nothing happens. Then a sudden violent dump, and a second later, a massive rip back up. The spread jumped over 20 points. What is going on?
Is the platform going to intervene? Of course not. Why would they? While you are sitting there watching the chart glitch, someone on the other side of the screen is taking your money. This is not a network delay. This is a hunt for your stop losses. Binance cares about volume, not about saving your portfolio.
My conclusion: I am not touching this chaos. When the spread is flying by 20 points and the spot market is lagging, it is a clear sign that liquidity has been completely drained. I will not feed the exchange my money. This is not investing; it is Russian roulette. Protect your capital and stay out.
$IOST