Part 1 Advanced The Market Maker’s Exchange Checklist (Liquidity, Latency, and Risk Controls) Market makers and HFT desks: evaluate exchanges on execution quality, liquidity, latency, fees, margin, and security — with a WhiteBIT walkthrough. Open guide Bitcoin faces a liquidity trap as spot ETF flows go flat
Outflows at least tell you who is leaving. Flat flows tell you nothing while removing the bid that used to catch the dip.





































