Who made money from the liquidation beam yesterday?
The subjects may vary, but one thing is certain: it’s the exchanges.
This is the reason for the continued bullish stance on $MNT and $BNB, as each exchange returns a portion of its profits in tokens, continuously attracting users to the exchange.
And these users can naturally be onboarded onto the exchange chain, so they must take care of their own coin holders and attract them even more.
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The lending sector like AAVE
Exchange coins + chains like MNT
If you believe in a bull market, I think it’s standard for these two sectors to always be part of your portfolio.
It’s important to have a good business model that generates continuous profits without relying on the market's ups and downs.
Yesterday's @Bybit_Official @binance induced liquidation cascade of $1.5b was the largest in crypto 1hr liquidation history.
Notes: These exchanges sell gamblers' bets on crypto. $1.5b was bet that crypto would go up (Longs). These exchanges dropped the prices to liquidate these bets and keep the collateral. Why? Because they can. There are no rules, no laws, and no regulations.
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