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