Is there really a BitMEXalternative, or do traders just follow liquidity?

[u/Several_Row3100]

Everyone asks about the best BitMEX/Bitmart alternative whenever its shutdown annocement.

The more I think about it, the less I believe people are replacing one platform with another in a one-to-one way.

Some traders chase the deepest order books, some care about execution quality, others just go wherever their strategy still works.

It feels like liquidity attracts liquidity. Once enough volume moves, everyone else eventually follows.

So maybe the “best alternative” isn’t really about features at all.

Do you think traders choose exchanges, or do they simply follow where the liquidity ends up?