Wow, every year it's during the New Year that you come crashing down!!
The dog traders are all from our country, right?
Below is the content of the post by Shapolang:
It's too strange, the duration of the 3 rounds of bull markets in the crypto circle is exactly the same, precise to the day (from "lowest price point" to "highest price point").
• 2015/01/12 ~ 2017/12/11 = 1064 days • 2018/12/10 ~ 2021/11/08 = 1064 days • 2022/11/07 ~ 2025/10/06 = 1064 days
Carving a boat to seek a sword, and the sword really is here. #熊市预警 $BTC
The reason for this round of Bitcoin's decline has been found!
Hong Kong's hedge funds were originally not traditional financial players specializing in cryptocurrencies.
They borrowed ultra-cheap yen and bought highly leveraged call options on BlackRock's Bitcoin ETF (IBIT) — the kind of cheap 'lottery ticket' betting on a big surge in Bitcoin, with very high leverage.
They bet that after last October's big drop, there would be a rebound; however, the rebound did not arrive, and Bitcoin continued to fall. At the same time, the cost of borrowing yen increased (arbitrage trading began to collapse), and they may have also heavily invested in silver/gold (silver plummeted over 20% in a single day), leading to losses on multiple fronts.
Brokers called for margin, and they could not withstand it, forcing them to sell off IBIT shares and options to cover their positions.
As a result, on that day, IBIT's trading volume exploded to $10.7 billion (a historical record, almost doubling), and options also reached a new high of $90 million.
These sell orders directly hit the Bitcoin spot market, triggering a chain panic that caused BTC to flash crash from over $70k to around $60k. $BTC
Yi Lihua, Huazai has completely admitted defeat this time and has closed all positions, leaving no ETH in hand.
On February 8, according to on-chain analyst Ai Yi (@ai_9684xtpa), Yi Lihua's Trend Research transferred the last 0.148 ETH to the trading platform, selling a total of 658168.58 ETH over 8 days, worth 1.354 billion USD, with a cost price of approximately 3,104.36 USD, and an average selling price of 2058.05 USD.
This round recorded a total loss of 688 million USD.
Trend Research has returned all of the previous round's profit of 315 million USD, resulting in a total loss of 373 million USD.
Perhaps 99% of people have forgotten that their WeChat still has gold.
In 2017, Tencent partnered with Industrial and Commercial Bank to launch the "Tencent Micro Gold" precious metal trading business, which was popular for a while with gold red packets.
You can now check the "Tencent Gold Red Packet" mini program for buyback and withdrawal. $PAXG
Supplement: After thinking about it, writing it this way may be ambiguous, because I just deposited 30,000 ETH into the exchange, and the U hasn't been withdrawn yet. It should be: Currently holding 217,274 coins, and selling 116,000 coins will eliminate all leverage (need to subtract the recently deposited 30,000 coins). BTW: The latest liquidation range [$1505 - $1627]$ETH
Awansmith
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Summary:
ETH broke below $2000 Boss Yi (Yi Lihua) liquidation range [$1,574.6 - $1,681.49]
Some say: Just close all the leverage, how much more ETH does Trend Research need to sell?
Each person received a 2000 BTC airdrop, the South Korean exchange is really impressive!
Have you ever seen an airdrop worth an average of 130 million US dollars?
On February 6th, according to Definalist, a core member of Dumpster DAO, an employee of the South Korean cryptocurrency platform Bithumb mistakenly distributed 2000 BTC instead of the intended 2000 Korean won as rewards, resulting in hundreds of users unexpectedly receiving this airdrop.
A total of 400k BTC was mistakenly distributed.
As a result of this incident, the price of Bitcoin on the Bithumb platform temporarily dropped by 10% compared to other markets.
Deep Tide TechFlow news, on February 6, according to Greeks.live macro analyst Adam's monitoring, today 33,000 Bitcoin options will expire, with a put-call ratio of 0.54 and a maximum pain price of 80,000 dollars, with a nominal value of 2.1 billion dollars. At the same time, 219,000 Ethereum options will also expire, with a put-call ratio of 0.91, a maximum pain price of 2,400 dollars, and a nominal value of approximately 420 million dollars.
Analysts say the crypto market is undergoing a bloodbath, with BTC briefly falling below 60,000 dollars today, and ETH briefly falling below 1,750 dollars. Today, options accounting for 10% of total holdings will expire, totaling nearly 2.6 billion dollars. The sharp decline in Bitcoin and Ethereum prices is still ongoing, with put options holding an absolute dominant position, the fear index briefly dropping to 5%, and panic once again shrouding the crypto market.
Let's see tonight's trend $BTC
Let's see if tonight's direction can push the position up
A post by 'Eagle' says, has BTC entered a death spiral?
I just finished watching the microstrategy earnings call this morning. If they really sell coins to pay off debt, that would be alright.
If Bitcoin drops again, selling coins at 40k, 30k, or 20k won't fetch a good price. At that time, to sell for a penny, you'd have to sell three coins; that would be the real death spiral.
This morning, Saylor reiterated to shareholders that after selling coins, he has already seen several project owners starting to sell their tokens.
Does this mean that Microstrategy, the biggest buyer this round, is also going to start unloading?
In this case, won't it have to drop again? 😨😨😨
Are there any Air Force warriors? You can share the current situation of your positions in the comments.
There is currently an event for voting for KOLs, where you can share 4000 WXP
However, the KOL you vote for must be in the top ten to qualify
80% will be distributed to those who vote
Steps:
1. Go to https://leaderboard.termmax.ts.finance/votrategy
2. Connect your wallet, bind Twitter, join DC (it seems there are some issues with DC, I wasn't able to join successfully, you can try again after a while)
3. Choose one from the rankings below that you feel most confident to vote for, I won’t make any recommendations here to avoid being accused of vote solicitation haha
You can vote every day, refreshed every 12 hours
If you haven't registered yet, you can use my invitation code: https://app.termmax.ts.finance/alpha/call-put?ref=C48JPT&chain=bnb
You can receive a 10% AP and XP bonus.
There is also a Binance wallet task you can do together, just look at my referenced tweet tutorial.
dyor~
Awansmith
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✨Termmax @TermMaxFi
This project is definitely going to launch on alpha.
Sign in for five consecutive days, with a wallet balance of 10usdt/usdc/0.01bnb or more.
The reward is 5 million tokens + 200,000 xp.
If you are a newcomer, you will also receive an additional 50,000 xp, totaling 250,000 xp.
If you sign in normally for a day, you only get 300 xp, which means this event is equivalent to signing in normally for 833 days 🤣 (as expected, Binance is still the boss)
Not to mention that they are also giving tokens.
The total financing for this project is 6 million.
Not too much, but the cost of doing this is almost zero, so you can confidently dive in.
This project is definitely going to launch on alpha.
Sign in for five consecutive days, with a wallet balance of 10usdt/usdc/0.01bnb or more.
The reward is 5 million tokens + 200,000 xp.
If you are a newcomer, you will also receive an additional 50,000 xp, totaling 250,000 xp.
If you sign in normally for a day, you only get 300 xp, which means this event is equivalent to signing in normally for 833 days 🤣 (as expected, Binance is still the boss)
Not to mention that they are also giving tokens.
The total financing for this project is 6 million.
Not too much, but the cost of doing this is almost zero, so you can confidently dive in.
$PENGUIN does it look like? It's simply a template!
Awansmith
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$PENGUIN 152m bought, I admit I had a bit of FOMO at the time, but I don't regret making the decision.
I hope the penguin can break through the current ceiling.
If the penguin just dies like this, I will never trust any meme again.
If the White House (Trump concept) + Toly + Alon + Sol Foundation + AI16Z really can't break through this ceiling, and even if it doesn't reach 1/10 of last year's punt (peak 2B),
then one could say that memes really can be left alone.
There are basically not many bloggers in the Chinese community shouting, and most of them might have already taken their profits and left.
However, the English community is still booming, with no sign of diminishing heat.
A bunch of celebrities have changed their bios and personal background images.
And there is definitely a big player involved, the previous control of the supply wasn't done very well, it's easy to see that some wallets are holding a bit too much.
It's been washing for several days now, and it should be close to completing the handover.
Last night's wave of fluctuations is the best explanation.
I am all in, from here on out, it's up to fate.
This article does not constitute any investment advice, everyone must be responsible for their own funds.
$PENGUIN 152m bought, I admit I had a bit of FOMO at the time, but I don't regret making the decision.
I hope the penguin can break through the current ceiling.
If the penguin just dies like this, I will never trust any meme again.
If the White House (Trump concept) + Toly + Alon + Sol Foundation + AI16Z really can't break through this ceiling, and even if it doesn't reach 1/10 of last year's punt (peak 2B),
then one could say that memes really can be left alone.
There are basically not many bloggers in the Chinese community shouting, and most of them might have already taken their profits and left.
However, the English community is still booming, with no sign of diminishing heat.
A bunch of celebrities have changed their bios and personal background images.
And there is definitely a big player involved, the previous control of the supply wasn't done very well, it's easy to see that some wallets are holding a bit too much.
It's been washing for several days now, and it should be close to completing the handover.
Last night's wave of fluctuations is the best explanation.
I am all in, from here on out, it's up to fate.
This article does not constitute any investment advice, everyone must be responsible for their own funds.
Bank of Japan decision results on December 19 (Beijing time 10:00): Increased interest rates by 25 basis points, with the policy rate rising from 0.5% to 0.75%, voting ratio 8:1, the highest rate since September 1995.
Core CPI remains above 2%, and the stable wage-inflation cycle is the main basis;
The yen surged in the short term, Japanese bond yields rose, the Nikkei 225 fluctuated, and the US dollar quickly fell against the yen.
$THQ The current price of VC is losing money, kaito is also at a loss, tomorrow it is very likely to go up on several exchanges, cb is definitely going up The contract is uncertain But I bet on it