The story of #STO teaches us that if you don't like Binance, you shouldn't criticize it; you should stop making trades with clearly negative EV, which is more useful than criticizing Binance. Why short with negative EV? You're short with a funding rate of -1000% APR. You don't know how high the market manipulators can push the price. Exchanges take a cut of the transaction fees, and market manipulators can extract tens of millions of dollars in liquidity from a single pump. If you invest 1 USDT, you might only get less than 0.8 USDT in EV return. After a few more trades, it will go to zero. The market maker controls the distribution of shares and the rhythm of price manipulation. Unless you can accurately predict the market maker's intentions, a double blow to both long and short positions is highly probable. Game theory is interesting, but why play a game with information asymmetry? If you truly dislike exchanges and market makers, you should leave the altcoins game. Complaining is useless; quitting is the only effective solution. If no one plays, naturally exchanges and market makers won't make money.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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