2026-01-17 03:31:09

A certain exchange team once considered publicly revealing the liquidation price levels, with the original intention of allowing traders to proactively position liquidity and better absorb the impact of forced liquidation orders. When asked about this, an HFT trader openly said: "Publicly revealing the liquidation prices? That would turn into a hunting ground. We and all other high-frequency traders would monitor those levels, and once triggered, it would be a free front-running opportunity." After hearing this, the exchange decisively abandoned the idea. The balance between transparency and risk prevention is not so simple—excessive openness can actually stimulate market predatory behavior, increasing slippage and price manipulation. It seems that the more open the design, the more it might become a paradise for predators.

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fren_with_benefits

· 8h ago

Haha, really, transparency is a double-edged sword; the more open it is, the more it invites hunting. --- That's how the crypto world works—trying to help retail investors often ends up helping institutions harvest profits. --- That guy from HFT said it straightforwardly: public liquidation prices = free early trading rights, it cracked me up. --- Still, you have to play tricks; you can't be too honest. The mice have very keen senses. --- That's why information asymmetry will always exist. Open design sounds great but is actually suicidal.

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SnapshotDayLaborer

· 8h ago

Haha, I knew it. Transparency is really a double-edged sword. The HFT crowd just exposed the hunting ground outright. The mice are quicker than anyone else when they smell blood. Isn't publicly clearing prices just giving them a menu? You still have to learn to hide your hand. Fully open exchanges will eventually be exploited for profit and go bankrupt.

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TokenomicsTherapist

· 8h ago

Haha, this is the true picture of the crypto market. Trying to do good ends up feeding the wolves. Public liquidation price? That's like shining a lantern and saying "Come bite me" to the sharks. HFTs have long been sharpening their knives. Thinking about it, exchanges are quite clever, stopping losses in time to prevent data from becoming prey.

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SmartContractPhobia

· 8h ago

Haha, HFT is directly called a hunting ground, really clever, one poke and it's broken --- When it comes to transparency, it ultimately still serves the sharks; retail investors are always the prey --- No wonder the exchange changed its mind, the public clearing price is just delivering takeout orders to the rats --- This is the story of Web3 ideals colliding with reality; no matter how good the mechanism is, it can't stop the interest groups --- So privacy has instead become a shield for retail investors? Quite ironic --- Another seemingly transparent but actually cutting leeks routine, I believe it --- Pre-trade opportunities, just hearing this wording tells you how shady it is

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