#Binance Futures: A Launchpad for Crypto Pumps? ๐ค
It's becoming increasingly apparent that the launch of USDโ-margined perpetual contracts on Binance Futures is often correlated with significant price increases for the underlying assets.
Think recent cases like $VOXEL and #BRETT ๐๐ This pattern raises concerns about potential market manipulation and pump-and-dump schemes. ๐จ๐
Here's why: ๐คท๐
๐ Amplified Volatility: High leverage offered by perpetual contracts can exacerbate price swings. ๐ฉ
๐ Speculative Trading: The allure of quick profits attracts a large number of speculative traders. ๐ค
๐ Market Manipulation: Coordinated buying pressure can artificially inflate prices. ๐ฆ
Given this pattern, it's becoming increasingly important for traders to exercise caution when new perpetual contracts are launched. ๐ค While there's potential for significant gains, the risk of losses is also elevated. ๐ป๐ช
DYOR!! #CryptoMarketMoves #Altcoins