So, if my logic is right, then:
Binance’s market makers are up to their necks in longs on various altcoins, and all those longs are deep in the red. So they need to get out of this on some piece of news, right?
Because otherwise, how are they going to close these longs? They’re not going to gradually close them at a loss, and there’s no point in waiting an unknown amount of time for them to grow “organically” either.
Binance’s market makers are up to their necks in longs on various altcoins, and all those longs are deep in the red. So they need to get out of this on some piece of news, right?
Because otherwise, how are they going to close these longs? They’re not going to gradually close them at a loss, and there’s no point in waiting an unknown amount of time for them to grow “organically” either.
