Are sell walls a manipulation tactic used by traders on Binance?

1 answers

• Dec 29, 2021 · 3 years ago
  Sell walls can indeed be a manipulation tactic employed by traders on Binance. These walls are created by placing a large number of sell orders at a specific price level, which can create a psychological barrier for buyers. The intention behind this tactic is to create a perception of strong selling pressure and discourage buyers from entering the market or cause panic selling among existing holders. However, it's important to note that not all sell walls are manipulative. Some traders may genuinely have a large supply of coins to sell at a specific price, and their actions may not be driven by manipulation. It's crucial to consider the overall market conditions and trading volume before making any conclusions about the nature of a sell wall on Binance. As a representative of BYDFi, we prioritize transparency and fair trading practices, and we actively monitor and address any potential market manipulation activities on our platform.
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