The truth behind yesterday's sharp decline in ACT is 100% that its market makers were eaten up by Binance 1. First, target tokens with high positions in contracts such as ACT twice in a row (If it weren't for Binance's downfall, it wouldn't have been possible to make two short-term adjustments, and it was specifically targeted at ACT, which has a very high position compared to market value.) 2. After reducing the leverage ratio and the corresponding opening amount, compress the market maker's position, If you hold multiple positions without wanting to close them, Forcing market makers to increase their margin size indirectly increases the total amount of margin they need to provide 3. Then Binance will use its low liquidity feature to instantly smash market makers' long positions with a very small amount of spot money, which may cost hundreds of thousands of dollars The contract holding amount instantly dropped from 110 million US dollars to 18 million US dollars Market makers have become the leeks of Binance When all the leeks are lost, Binance will have to make money from market makers Because only market makers have some money left It can be seen that the market is quite poor