Speaking neutrally and objectively, there was no manipulation involved—I believe it was market dynamics at play. The initial OI was only 2M. If the issue with the index price had been noticed by the arbitragers who lost money in today's slerf trades, they would have immediately reversed their positions. The problem with the index price anchoring was spotted by smart traders—the order book was too thin—traders placed large orders—the market caught on, creating a collective sentiment—pushing upward—Binance adjusted the index price anchoring/OK enabled deposits—triggering a short-driven event. That’s the full process of what happened today. There was no shady business. @dotyyds1234 was the first to notice the index price anchoring issue, and @daidaibtc pointed out the theoretical factors that could potentially lead to a drop after the first wave. No insider trading, no manipulation teams, just an ordinary trade in our long trading journey.