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Crypto spoofing for dummies: How traders trick the market
Crypto spoofing is a market manipulation tactic in crypto where traders try to mislead others by placing fake buy or sell orders to influence a cryptocurrency’s price. Picture this: A trader places a massive buy order for Bitcoin, creating the illusion of strong demand. This move might entice other traders or trading bots to jump on board, anticipating a price surge. But here’s the twist: Once the price starts climbing, the trader pulls the rug out from under everyone by canceling that fake order and cashing in on their own Bitcoin at the inflated price. Instead of genuinely wanting to trade, spoofers aim to ... (full story)
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