Lux(λ) |光灵|GEB|Feb 25, 2026 20:14
With the invisible force field of the financial market injected into the price game of BTC, it has given rise to an intermediary game market between the financial market and BTC mining: the crypto trading game market. This is an asymmetric game where information is extremely unevenly distributed. The larger the exchange, the more comprehensive the operators understand the game information, which is the business model that allows exchanges to make money.
Exchanges are the intermediary product of BTC value games, and in turn, they influence and drive the development of BTC's value through price fluctuations.
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