Well, that's pretty easy to explain, you can look it from two different angles. As a customer they are simply trying to sell tops, buy bottoms. That's how we trade if we want to money. As a liquidity provider they would be contracted to provide assets to the wallets to control risk & spread on the exchange. Market Makers are not out to damage markets, they are out to maintain them. They also perform arb between different exchanges to ensure spread and price stays relatively inline, they also purchase to replenish OTC desks who have done off book deals. Markets are complex and efficient, one persons view of Wintermute/Binance being an enemy is nothing more than clickbait to appeal to simple human nature, people want someone to blame for their losses, they want a common enemy to rally against.
#StopTheBS #LearnHowToTrade