Today, $1.7 billion in liquidations affected over 390,000 traders, mostly from long positions. To trigger liquidations on this scale, it requires entities with massive capital, the ability to control liquidity, and influence market sentiment. Who has this kind of power? Binance handled approximately $739 million, OKX $422 million, and Bybit $369 million in liquidations. They use hidden order books and algorithmic trading to engage in 'stop-hunting' during price fluctuations—briefly pushing prices down to trigger liquidations, then replenishing liquidity. Binance protected its own token BNB (only $90 million liquidated) through Wintermute, while amplifying the sell-off of other assets. This capability comes from their control of 17%-20% of global trading volume, allowing them to easily process multi-billion-dollar orders. Remember the golden rule of crypto: the house always wins. #Crypto #Liquidation #Binance