KOL: Binance hack could squeeze market makers and amplify SOL, altcoin volatility
- —Most market maker and quant fund capital sits on Binance
- —A withdrawal halt blocks cross-exchange arbitrage and hedging
- —Firms may have to close positions elsewhere to free up margin
- —This explains the SOL and altcoin selloff despite ETH assets being stolen
Why it matters: A prolonged Binance withdrawal freeze could deepen altcoin and SOL selling pressure as market makers unwind positions elsewhere.
Source: ChainCatcher 链捕手