Shouldn’t we be worried ?

If some single entity owns massive crypto, what’s stopping them from buying puts and selling their crypto to dump the market , realising the profits in puts and buying back the crylto at fallen prices to pump back again (While also buying calls if required and selling calls later )

This happened in India in options market, Jane street was responsible for it. Regulator fined them

There’s nothing in crypto market to stop them from doing this repeatedly

Isn’t microstate capable of doing that, or the other whales?

There’s not enough liquidity to absorb that kind of selling or buying pressure.

I suspect the recent pump from bearish candle is exactly what I’m describing

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