Part 1 Advanced The Market Maker’s Exchange Checklist (Liquidity, Latency, and Risk Controls) Market makers and HFT desks: evaluate exchanges on execution quality, liquidity, latency, fees, margin, and security — with a WhiteBIT walkthrough. Open guide Derivatives News
Coverage of crypto derivatives, options, and futures driving market sophistication.
Stories 381
Coverage footprint 1.5%
Analysis
Bitcoin hit $60,000 because two different groups finally surrendered — on-chain data shows who blinked
November’s $80,000 surrender set up February’s $60,000 break.

Derivatives
Legendary $197M short seller just flipped long altcoins with high leverage, but funding rates signal a dangerous trap
While retail fears volatility, this wallet is paying massive carry costs to hold a multi-asset book that requires a specific correlation to survive.

Analysis
Bitcoin order books just exposed the “wild” mechanics secretly crushing every rally before it starts
Fresh Coinglass data reveals a market in a chokehold, where "thick layers" of sell-side liquidity are neutralizing volatility and trapping traders in a controlled range.


















