Bitcoin’s hard cap is easy to understand: there will only ever be 21 million coins. What's hard to understand is that the marginal market is allowed to trade far more than 21 million coins worth of exposure, because most of that exposure is synthetic and cash-settled, and it can be created or reduced in seconds. […] The post Binance trading data reveals why Bitcoin prices are sliding even as spot buyers flood the market with bids appeared first on CryptoSlate.