There are quite a few opportunities for price manipulation, confirms Aaron Chomsky, head of the investment department at ICB Fund. The specialist pointed out that the awareness of the exchanges themselves allows them to create conditions for short-term price surges in the desired direction with subsequent “stop collection”.
“Clients of some platforms claim that after receiving the first serious profit on margin accounts (futures contracts), they have problems opening “sell stop” and “buy stop” orders, which are automatically and imperceptibly for the trader changed to other types of orders,” Chomsky said.
He claims that when BTC quotes were balancing near $20 thousand, FTX clients began to complain about the inability to place buy orders below this level, since their prices “go beyond the range calculated by the platform”.