My guess.
Finex whales reducing shorts push Market Makers to buy bitcoin on cheaper exchanges (using #tether
because other pairs have basically no liquidity 
) and sell it on Finex (where price is higher due to the short closing).https://twitter.com/jon_ftx/status/1408903828339056644 …
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@paoloardoino , is finex still significant regarding whales, once it's market share is technically zero when compared to Binance? Seems like finex whales are already part of the past or, at best, they have nothing but some mid sized sharks trading right there.
Yup. Sorry guys we're irrelevant now. This guy said so. Let's close Finex (and similar volume exchanges like Kraken , Bitstamp, and all OG ones) and open a bakery.
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Jefe can you explain why other pairs have no liquidity? I don’t get that
Thanks. Twitter will use this to make your timeline better. UndoUndo
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Sorry being unpolite . I was talking about futures only. And, according to https://bitcoinfuturesinfo.com/market-share-and-futures-curve …, you guys have around 0.3% marketcap regarding open interest and also trading volume.
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No worries. We have definitely another approach to risk and use case as well. Our open interest is 1/5 of binance but volume is 1/100. You can draw many conclusions from this.https://www.coingecko.com/en/exchanges/derivatives …
End of conversation
New conversation -
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Thanks. Twitter will use this to make your timeline better. UndoUndo
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