people quoting that binance tick from last night know its the less liquid tether collateralized future right? the normal (inverse) ones did just fine
-
Show this thread
-
Replying to @TheSpeculator0
The tether margined perps do 4-5x the volume of the btc margined perps.
2 replies 0 retweets 4 likes -
Replying to @macrocephalopod @TheSpeculator0
I *believe* the reason the spike only happened in tether margined perps was 1. higher leverage there 2. shorts get their ass kicked more in linears, since in the inverse your collateral rises in value when the price spikes, which doesn’t happen in linears
2 replies 0 retweets 6 likes -
Replying to @macrocephalopod @TheSpeculator0
Or somebody was urgently trading out of tether.https://www.bloomberg.com/news/articles/2021-07-26/tether-executives-said-to-face-criminal-probe-into-bank-fraud …
1 reply 0 retweets 1 like
Replying to @AlexW142 @TheSpeculator0
If that was the case we would see a divergence between BTC/USDT and BTC/USD spot markets, which we don't
6:26 AM - 26 Jul 2021
0 replies
0 retweets
2 likes
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.