Must say I was sceptical about this market manipulation thing, but it happened yesterday, clear as day.
If a bunch of big traders had genuinely wanted to sell up their futures to the market, then why not drip feed them into the sale queue 300 at a time? Listing tens of thousands all at once only serves to erode their own sale values and reduce their profit. I doubt any experienced big trader would behave in this way if they were genuinely trying to sell futures.
Very suspicious falls yesterday in players who hadn’t been reclassified.
But if you’re holding for the long term, these things have limited impact. Price is irrelevant until you decide to sell - at least that’s what i’m telling myself.
Traders colluding in this way is contrary to FI’s T&Cs, so FI could suspend the relevant accounts if they wanted to.