BEAMXBTC
BEAMX / Bitcoin
crypto Composite

I noticed BEAMX's volume spike 50x the typical amount on the minute candle a few minutes before BTC dumped to 76.6k today with the rest of the market. The volume surge seemed like a stop hunt. But, how were they to know that the whole market would dump minutes after>
It was BEAMX's 1 minute candle at 00:18 GMT, at which point there was no indication of any market dump. ETH only started dumping at 00:21.
Evidently it's manipulation, but I'm pretty curious how this can work in such a coordinated manner to have a stop hunt on a shitcoin 3 minute before the whole market dumps hard. Is the Binance market maker really the one crashing the market, and coordinately manipulating the altcoins to maximum extract on the way down?
Though, if this is the case - why would they want to do this? How can they benefit from nuking the market their customers trade in?

I noticed BEAMX's volume spike 50x the typical amount on the minute candle a few minutes before BTC dumped to 76.6k today with the rest of the market. The volume surge seemed like a stop hunt. But, how were they to know that the whole market would dump minutes after>
It was BEAMX's 1 minute candle at 00:18 GMT, at which point there was no indication of any market dump. ETH only started dumping at 00:21.
Evidently it's manipulation, but I'm pretty curious how this can work in such a coordinated manner to have a stop hunt on a shitcoin 3 minute before the whole market dumps hard. Is the Binance market maker really the one crashing the market, and coordinately manipulating the altcoins to maximum extract on the way down?
Though, if this is the case - why would they want to do this? How can they benefit from nuking the market their customers trade in?