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[Opinion: Binance Hack May Affect Some Market Makers and Quantitative Analysts; Solana and Altcoin Prices to Experience More Volatility] Odaily Planet Daily reports that crypto KOL Seven Research stated, "Currently, the vast majority of market makers and quantitative analysts in the crypto market have their majority of funds and main margin accounts on Binance. Many institutions engage in cross-exchange arbitrage or hedging. Binance's suspension of withdrawals could immediately cripple their cash flow—if market volatility continues, they won't be able to withdraw funds from Binance to replenish margin elsewhere. To prevent liquidation, they will be forced to close positions on other exchanges and on-chain platforms, forcibly withdrawing their cash. This is why, even though Ethereum-based assets were stolen, Solana and a bunch of altcoins have crashed today."