The four most famous international exchanges:

Binance INTL	OKX INTL	Gate.io INTL	Huobi INTL
China Line　APP DL	China Line　APP DL	China Line　APP DL	China Line　APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.

How is the price of Bitcoin affected? Can the price of Bitcoin be manipulated? Yesterday, we rarely saw several wonderful trades, which once again confirmed that the price of Bitcoin can be manipulated in the short term (this is 10 minutes K Wire):

Plunge, plunge, plunge, plunge, it goes on and on. You may not realize it just by looking at the picture, but if you had a contract open at that time, then you basically... had to go back and forth several times.

Take a look at what the contract group members shared:

Then a very interesting situation will happen, that is, both sides can explode for you:

However, the number of liquidated positions was actually a little less than I thought.

This kind of market situation must be very uncomfortable for technical schools... There is nothing to analyze here. I guess the technical indicators have failed, right? If the contract market is much larger than the spot market, then short-term price manipulation will often occur.

In the most serious case, we may see the Bitstamp accident last year again this year. If you have forgotten that manipulation, I will help you recall it.

There was a major waterfall in May last year because Bitstamp became the home of selling. One person sold 5,000 BTC in half an hour, causing the price to be much lower than other exchanges.

After smashing the market, the big dealer used more than a thousand BTC to suppress the market. You must know that at this time, the BTC price on other exchanges was still above 7,000:

Many people think that why does it matter if an exchange sells a market? Doesn’t the market crash give money to the brick-and-mortar party? Of course not, you can make a profit by selling a market on an exchange with poor depth and shorting on a futures exchange. Quite abundant. For example, when the market crashed in May, because Bitstamp accounted for 50% of the weight in the contract price index of Bitmex, the main futures exchange for Bitcoin, it immediately triggered a large number of forced liquidation sales of long orders, and then continued to decline. This led to a series of liquidations, and short sellers placed short orders at extremely low prices, making huge profits.

If spot smashing (pulling) can result in a large number of positions being liquidated in the futures market, then the bookmakers (if they exist) will be willing to do it.

We took the big pie and found that the price has not changed much. The futures market has gone through several rounds of life and death, and several reincarnations.

So I hope what happened last night can dissuade you from your ardent desire to make money by playing contracts. Calm down, hold on to your Bitcoins, and don’t bet on big or small. If you can bet better than the person opposite, you may not be able to get out of the casino. .