So what do we learn out of that graphic?
a) nobody besides alameda trades on FTX
b) FTX traders are chads and all have stop losses always
c) the amount of ref-link shilling and traders is inverse proportional
d) some data must be wrong
is this chart correct?
$BTC
Conversation
My basic thoughts are:
1) FTX traders are less "100x go go go" and more "5x with stop losses"
2) LTs don't get liquidated (essentially use stops)
3) USD collateral better in crashes
4) more insto volume
5) higher volume/OI--so more liquidity per position
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I do somewhat agree + FTX is new
But okex, binance etc do also have usd/usdt collateral.
Institutions make sense.
But I still can’t belief a retail trader gets 100x better in risk management just by clicking the FTX link.
Does Position size reduction count as liquidation?
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OKEx is mostly still BTC collat--their USDT futures are way smaller.
Binance is USDT collat but very retail userbase, tons of liquidations.
Yup, though we don't reduce position sizes except by liquidations.
Instos is def a big part of this.