Or some are closing leverage?
Binance $BTC OI puked on this move.
Down ~4k BTC (~8%). Guessing mostly liqs but they won't show the data.pic.twitter.com/q1eyRgEhVr
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Can you explain a little bit more, is binance moving price to liquidate people?
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*people being liquidated are moving the price up, while open interest is decreasing
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They were high lev shorts and got liquidated
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Could be some significant profit taking on Longs as well. Hard to know without the Data.
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Wow Binance looks after their customers
. Expect CZ tweet soon about their record low liqs -
I mean people willingly take risk with high leverage where their invalidation = liquidation. What does CZ or any crypto platform owner have to do with that?
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The changes they made to the reporting of liqs are an utter joke lol
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*Insurance fund restock
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