Consolidation on 10k, the new floor for futures trading is priced in. If we do see a big dive, I'm suspecting a combination of some tether FUD and a back peddling of the Wallstreet futures tradeing. That might shake a few hands.
On another note, not surprised to see coinbase pulling their usual (down for maintenance) pussy move.
Is it true that stamp went down? I've yet to see that personally.
IIRC 4 big exchanges all shit the bed in peak volume. It's not like its a new thing. Just say the word 'volume' and smoke starts to leak out of Kraken.
If that's true, then that means one of two things:
1. Single whale with deep pockets has accounts on each of these exchanges to coordinate PnD
2. Multiple whales are colluding from accounts on each of these exchanges to coordinate PnD
But the fact that we now have multiple exchanges reduces upside or downside risk. Plunge protection team... just go offline, lol.