A crypto analyst named Marty Party claims that offshore, unregulated futures markets are responsible for driving the price action in the crypto market. These "offshore centralized" platforms, which operate over 80% of crypto pricing, manipulate the market through leveraged futures trading. They use tactics such as pushing prices down to trigger liquidations and cash in on traders' losses. These exchanges handle billions of dollars in daily trades and have more influence than the Las Vegas casino industry. The analyst argues that this manipulation hurts the credibility of crypto and calls for regulation of offshore futures markets.



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