A Brief Look at the Crypto Market

It is a cold day.
A cup of coffee and a weird dream make me feel weird.

The crypto market is moving sideways. It seems to have enough liquidity that many traders again seem to participate in the market.

With the market crash driven by CEXs and market makers like Binance, Bybit, Coinbase, and Wintermute, CEXs and market makers have earned huge profits again.

And then, CEXs do their marketing again, acting as if nothing dramatic—like major market changes or extreme price actions—ever happened. It is very funny watching the attitude of CEXs and retail investors who are, again and again, eager to see the market explode to the upside.

^{Bybit's New Derivatives Trading Event}