I’ve spent a lot of time, made a lot of manual trades, and lost a lot of money on crypto futures in the last three months. I’ve learned some things… One is th

I’ve spent a lot of time, made a lot of manual trades, and lost a lot of money on crypto futures in the last three months. I’ve learned some things… One is that the order books are virtually meaningless, at least for humans. They change so rapidly, bulking or vanishing, that you cannot gain any sense of what the market wants or is doing. I’ve also seen strings of tiny trades, apparently strategically timed with order book cancellations, causing big price changes on almost no volume.