RE: Massive Liquidation on KRAKEN
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Perfect post!
Yesterday, when the price pullback started the first thing I did was to check the price chart of the different centralized exchanges. I saw many differences and was surprised to see that Kraken had the biggest 'dips'. Definitely, their dealing department is good at drawing charts to reap the money of the margin/derivative traders.
Although I use a few CEXs and I never use margin, hence, the current correction has not affected me, I have realized that we have to stay away from CEXs. Today we see some unrealistic dips in some charts that have wiped out many traders but not us. However, tomorrow these exchanges may create something different in order to take our money as well. That's why the current dip and the strange price charts on some exchanges is a good signal that we have to take our money away from them and leave them.
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