Manipulation by Binance | Bitcointalksearch.org

hugeblack

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Quote from: Imranbutt44 on September 10, 2021, 04:33:13 AM

But look what binance did in futures, they made the right wick lower than the left wick, only to hunt the stop losses of millions of traders.

I believe that Binance is manipulating the market, but it will not be so clear and in a well-controlled/highly liquid market such as Bitcoin spot/future market.
Speculation in the futures market for a highly volatile asset such as Bitcoin is very risky and therefore you must learn more before investing in it, and therefore if you do not know about the future premium, you will make losses in that market.

crwth

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Quote from: JohnBitCo on September 10, 2021, 04:47:25 AM

Yeah, the top and bottom wicks can be different in spot and futures and also the value may differ little bit in different exchanges.
However i do have heard complains that exchanges manipulate the future market for their favor.

There are just some differences and we cannot really verify those accusations. I think the ones who has capability of manipulating are the whales since they have deep pockets and influence the volume that they have.

This is from the link posted by TryNinja. I will just quote it for those who haven't checked it out and read it as well, OP.

Quote

4. Futures vs. Spot prices - Cryptocurrency prices are determined by buyers and sellers through an economic process of supply and demand. The spot price is the ruling price for all transactions in the spot market. The futures price, on the other hand, is based on the prevailing spot price plus the futures premium. The futures premium could be either positive or negative. A positive premium indicates that the futures price is higher than the spot price; conversely, a negative premium indicates that the futures price is lower than the spot price. Changes in supply and demand may cause the future premium to fluctuate.

This is the best explanation that you could have with this.

XmasJohn08

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OP you should close the thread, you already have the explanation.

TryNinja

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What are the Differences Between Spot Trading and Futures Trading

Good reading.

JeromeTash

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Heisenberg

They are different markets. I don't think there's any manipulation. Unlike spot markets where we have only stop losses and take profits getting executed during times of volatility.in futures market we have liquidations on top of that which can be massive and can have a huge hit on order books leading to longer wicks than seen on the spot market charts

JohnBitCo

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Quote from: Imranbutt44 on September 10, 2021, 04:33:13 AM

Please see the chart of binance in SPOT and futures.
On closely seeing it, in spot the left wick is lower and while the recent right wick is upper which shows that bitcoin is bullish.
Many traders including me know that btc is bullish, so we placed the stop loss in futures trading just below the left wick or on the left wick level.

But look what binance did in futures, they made the right wick lower than the left wick, only to hunt the stop losses of millions of traders.

They are scammers Sad

Spot Trading Chart:

Future trading Chart

Quoting for the visibility of the Pictures.

Quote from: crwth on September 10, 2021, 04:35:45 AM

Do you know that they are different markets? So not everyone trading in the futures and spot markets are the same. They might have other orders doing it, and the system might have failed to catch up the right way or something similar to that. Not a scam with that, lol.

Yeah, the top and bottom wicks can be different in spot and futures and also the value may differ little bit in different exchanges.
However i do have heard complains that exchanges manipulate the future market for their favor.

crwth

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Activity: 2940

Merit: 1280

https://linktr.ee/crwthopia

Do you know that they are different markets? So not everyone trading in the futures and spot markets are the same. They might have other orders doing it, and the system might have failed to catch up the right way or something similar to that. Not a scam with that, lol.

Imranbutt44

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Please see the chart of binance in SPOT and futures.
On closely seeing it, in spot the left wick is lower and while the recent right wick is upper which shows that bitcoin is bullish.
Many traders including me know that btc is bullish, so we placed the stop loss in futures trading just below the left wick or on the left wick level.

But look what binance did in futures, they made the right wick lower than the left wick, only to hunt the stop losses of millions of traders.

They are scammers Sad

Spot Trading Chart:

Future trading Chart

Topic: Manipulation by Binance (Read 186 times)