Binance is stuck in the middle of a $19 billion conspiracy theory—and it’s killing bitcoin’s momentum
At first glance, the $19 billion liquidity wipeout on Oct. 10 looked routine: a rapid chain of liquidations, or forced closures of trading positions, across major exchanges as bitcoin BTC$77,706.11, the largest cryptocurrency, tumbled. It’s what followed, and the lack of transparency over the day’s events, that’s made the largest single-day liquidation by dollar value…