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 no longer acting like “digital gold” because its correlation with physical gold, USD collapsed
If real yields rise or liquidity tightens, Bitcoin behaves like a sponge, instead of a store of value, until regimes change again.





































