Liquidity is definitely the reason behind all of that. If you go on the orderbooks this is made very clear. Maybe a super good price for a tiny amount of DOGE and then they next order is way below. And by the time you discover that, plus the commissions for such small amounts, then you're done.
Even on DEX you can get done if you don't check price impact properly.
It' not Liquidity. If you have an account. Check for yourself.Even on DEX you can get done if you don't check price impact properly.
The underlying problem come from the Doge wallet withdrawal being offline (I don't even remember since when
) so traders are not able to withdraw their doge. The end up dumping it off for coins they can withdraw like ETH, BTC leading to a price drop.Who would want to buy doge from HitBTC, yet they can't withdraw it. No sensible trader!