Bitknow/ 🤝
Bitknow/ 🤝|Oct 30, 2026 01:04
Last night it was doing well, but this morning it suddenly plummeted! The same thing happened with 1011; Binance wiped out all long positions with a single spike! Binance became the market terminator, but it's always us retail investors who foot the bill... Industry monopolies are never a good thing. Exchanges essentially make money through user transaction fees, but they're not satisfied with that! Later, Binance started a series of operations—new coin issuance > private placement > selling > contract manipulation > lending leverage—constantly draining liquidity from the crypto market. They're draining the entire industry pool, even meme Binance isn't spared. Recently, CZ personally manipulated Marscoin, which is also a case in point; ultimately, the industry sent CZ to the Forbes list! Every time liquidity returns to the industry, Binance issues new coins it invests in, continuing to drain liquidity... With so much money being taken from the industry, and the AI era so advanced, it's truly disheartening that such a low-level theft incident can still occur. Couldn't they have invested more money in better security and risk control? A monopoly is truly distressing...
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