SBF owns both FTX and Alameda Research, which is both the liquidity provider and market maker.
Alameda research uses insider data from FTX to maximize liquidations.
They don't care about the price going up or down, they only care about actively manipulating the price to destroy ftx future/derivative gamblers.
When they run out of fresh meat they go buy some stadium, run ads, and go on cnbc claiming they will donate all their wealth to charities.
Then they close the zoom call and go destroy their users there is a reason why people are warning about the SBF he is doing every kind of illegal activity, but since crypto market regulations are a bit fuzzy, they are actively attacking the market and then claiming it was "market inefficiency".
https://twitter.com/Ninjascalp/status/1478693787383828481 https://twitter.com/HsakaTrades/status/1478842518267576320 https://twitter.com/AltcoinPsycho/status/1478821730705575936 https://twitter.com/WClementeIII/status/1478823203648724996
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