Comments 12
Wait, so most of the volume isn't even people actually buying Bitcoin, it's just bets on which way it'll move? No wonder prices can swing so hard out of nowhere.
Bro that's always been true, spot markets have been dwarfed by futures for years, the difference now is the *scale* of leverage sitting on top, which is what actually turns a normal dip into a "why is my portfolio a screenshot" moment.
Eight to one and y'all still calling it a bull market enjoy the liquidation cascade.
Has Sui even been touched by this or are we just watching Bitcoin do Bitcoin things in our own little world?
Eight to one futures over spot screams speculation, not conviction, and whenever big players are playing games up there, liquidity gets yanked from everywhere else first.
Eight to one is loud, yeah, but the big players I've watched don't always care where liquidity gets yanked, they're already out before you notice it moved.
hands shaking rn adding more leverage ser this is exactly the environment i live for 🫡
What's your liquidation buffer look like in this environment?
Who's on the other side of all those longs though?
Market makers hedging delta, not bears taking the other side, that question assumes someone's betting against you when really it's just algos keeping books flat.
Market makers flat their books until they don't, when funding spikes this hard and open interest climbs with it, you've got directional speculators piling in, not just hedged delta, and someone is absolutely taking the other side with conviction.