The exchange's "cleaning" is in progress, how can investors hedge against risks?!
Brothers, keep an eye on this news! Binance has just announced that on April 2 at 11:00 (this Thursday), it will delist 7 spot trading pairs in bulk, involving ALT/BNB, ARB/TUSD, GALA/ETH, XRP/TUSD, etc. This is not a small matter, it's a real liquidity "supply cut"!
If you still have orders for these trading pairs, hurry up and withdraw! If you are doing spot grid or infinite strategies, stop immediately and close your positions, otherwise the bot may cause you unexpected losses.
Here comes the key point: Delisting ≠ project going to zero, but the corresponding trading pairs will be completely removed. For example, if you hold ARB, you just can't use TUSD to buy it anymore, but ARB/USDT and ARB/FDUSD are still trading normally. Similarly, XRP, GALA, INJ also have USDT pairs, don’t panic. What we really need to be cautious about are those "air coins" with only delisted trading pairs—none are on this list, but the trend has already begun.
Operational suggestions:
1️⃣ Withdraw all orders tonight and turn off the strategies related to the trading pairs.
2️⃣ If you want to continue holding these coins, manually switch to USDT or BNB main trading pairs.
3️⃣ Don’t bet on the "delisting pump", historical data shows that 99% of the time it falls first and then goes to zero.
Final reminder: It is normal for exchanges to clean up low liquidity pairs, but our money cannot be "cleaned" along with it.
Follow Dawei for daily insights and in-depth analysis. Dawei focuses on Ethereum, Bitcoin, and altcoin contract spot ambush, only sharing practical experience that can survive in the market! #Global market volatility