- A market maker executes trading activities across SATS and GPS tokens which indicates possible price manipulation of market liquidity.
- The market becomes risky for retail traders due to enhanced price volatility between SATS (-20.5%) and GPS (-5.3%).
- Staff at regulatory bodies might initiate investigations due to suspected manipulation which could force both exchanges to tighten their liquidity requirements.
Recent trading activity in SATS and GPS tokens has raised speculation about the involvement of a mysterious market maker (MM) operating across multiple exchanges. The price trends on Binance and Bybit platforms demonstrate major shifts resembling previous behavior which emerged during trading cycles of different assets. Lucrative market activities in these cryptocurrencies show attributes consistent with the reported market manipulation practices of an MM that Binance previously documented.
SATS & GPS Plunge Amid Market Maker Influence
SATS (Ordinals) experienced a major price drop of 19.3% during the day as it decreased from $0.09129 to its lowest point at $0.061149. A 5.3% decline in GPS (GoPlus Security) price matched SATS (Ordinals) even though it decreased by 20.5% when both tokens maintained prices between $0.0296 and $0.03257 during the same time period. Data shows synchronized market activities affected the value of SATS (Ordinals) and GPS (GoPlus Security).
A substantial price decrease occurred in the GPSUSDT perpetual contract trading on Bybit where the last traded price reached $0.03083 and fell by 6.74%. The plot exhibited forceful downward movement upon an initial price surge which the market maker community typically connects to their aggressive strategies to seize liquidity.
The price of 1000SATSUSDT on Binance dropped by 17.08% as it declined from 0.0001980 to 0.0000981. The high volatility demonstrates that massive bulk sales caused a chain reaction of forced sales which typically emerges from market maker manipulation schemes.
SATS & GPS: Liquidity Manipulation Risks
High-frequency trading algorithms or market makers potentially connect SATS and GPS movements through their coordinated process to benefit from brief price irregularities. Price manipulation throughout history has produced drastic market fluctuations that ended with huge losses for individual retail traders.
Traders must prepare for heightened market turbulence because a single entity has started affecting market liquidity. The trading levels for SATS fall between $0.061 and $0.091 with resistance at $0.091 and GPS exists between $0.029 and $0.033.
Positive price movements through resistance indicate market reversal while losing support level may trigger additional market drops. Regulatory bodies may enhance their monitoring efforts which forces exchanges to initiate liquidity controls and remove specific assets as part of counter-manipulation measures. Acting with caution remains essential for traders who must practice robust risk assessment techniques because large market participants have altered crypto market dynamics according to recent token transactions.
