A new batch of bargain-hunting warriors had just entered the market, and then with a bang, the price of Bitcoin dropped to $33.5. Compared with the highest point of the day, the decline expanded to -35.57%, and compared with the opening price, it fell directly to -6.68%. water level.
The bargain-hunting warriors once again became martyrs.
It had previously increased by more than 44 percentage points, but now it has fallen.
Then there was another "snap", and the price of Bitcoin fell to the price of 28.2 US dollars. Compared with the highest point of the day, the decline expanded to -45.76%, and compared with the opening price, it had already dropped by -21.49%.
In other words, if you buy at the highest point for 100,000 yuan, you have already lost 45,700 yuan. If you buy at the opening price and there is no move, the floating profit of more than 44,000 yuan will directly turn into a floating loss of more than 21,400 yuan.
After another two seconds, the price of Bitcoin dropped to the price of 25 US dollars. It had dropped more than 51 percentage points from the highest point of the day and passed the halfway line. It also plummeted by more than 30 percentage points compared with the opening price.
After falling from the highest point of the day, the entire market sentiment of Bitcoin turned bearish.
At this moment, the funds in the previous wave of bargain hunting were frantically cutting their meat in panic, turning from long to short in seconds. At the same time, the new bull warriors who were buying the bottom took over. After the price continued to explode, they were so frightened that they hurriedly cut their flesh and turned around. For a short position.
The current situation is like this repeated cycle, buying the bottom, cutting the meat, the next batch of bottom buying, cutting the meat, and the next batch of bottom buying, and then cutting the meat...
Gradually, after several cycles, no one dared to buy the bottom.
There was no takeover at the moment, and the price of Bitcoin plummeted.
What is going on at this time is an extremely tragic multi-kill situation. Fang Hong's trading team does not need to take the initiative to smash the market. The other funds inside are killing each other.
The price of Bitcoin has plummeted from the highest point: 20 US dollars, 16 US dollars, 11 US dollars, 6 US dollars, 4 US dollars...
When the price fell to $4, Bitcoin's decline from the highest point of the day expanded to -92.3%, and its decline from the opening price was -88.85%.
…
The currency circle exploded into a certain currency exchange group.
[Hemorrhagic collapse, simply the ultimate hemorrhagic collapse! ]
[I was afraid, but luckily I didn’t reach out. This horse-riding killer was really cruel! ]
[The price went away at US$48, and I made a profit of more than ten points from the heavy position. Damn it, do you want to have such an exciting time? I was so frightened to death that I still have lingering fears. Fortunately, I ran away. ]
[This trend can bring the heart and lungs to a halt. ]
[Licking the edge of the knife, I ask you whether it is irritating or not...]
[Family, I’m gone. I’m a corpse now. The cost price of $66 is no different from zero. ]
[Clam? No, what happened? The highest price is $52, how do you change it to $66? ]
[In this case, it’s probably because the T was done upside down, and the cost is getting higher and higher... (laughing and crying.jpg)]
[I calculated, from 66 US dollars to 4 US dollars now, the loss is -93.93%... Well, it is really no different from zero. ]
[So miserable...]
[It’s really like driving a BMW in and leaving only a steering wheel. ]
[Did you cut it? ]
[Just cut it a few times, what’s the point of cutting it here? I learned from the past, now he is a corpse, don’t disturb him, he is only eighteen years old, the cause of death is stud. ]
[Ahhhhhh... vomiting blood! ! I went from 52 US dollars to 4 US dollars in the time I was riding the horse. I bought it eight days ago for 6 US dollars and got a million in eight days. I cut the meat with 4.8 US dollars, and the floating profit was 7.6. Doubling the amount turned into a loss of 20 points, and the mood couldn't be relieved for a year! ]
[Why not make a profit? ]
[Who knows how to kill someone so cruelly when riding a horse? It hurts so much and I regret so much. It’s true. I cried to death. Poof (vomiting blood.jpg)...]
…
At the same time, Fang Hong looked at the price trend of Bitcoin. It has now reached a price of 3.6 US dollars. The amplitude of the whole day has reached a terrifying 134.82%. Compared with the highest point, the cumulative decline has reached a level of -93.07%. It also plummeted 89.97% compared to the opening price.
If you are long with chips, the cost price is the opening price. If you want to recover your capital, you need to rise by +897.22% from 3.6 yuan. If you want to return to the highest point of US$52, you have to rise by +1344.44% to recover your capital.
At this time, Fang Hong told the trader responsible for trading Bitcoin on the phone that was still on the line: "Okay, pull it up, quickly pull it up to 30 US dollars, and then quickly drop it down."
A surprised voice came from the other side of the phone: "Boss, are you...are you sure? Today's trading volume may exceed 50 million US dollars, and we may lose several million additional dollars."
Fang Hong suddenly said: "How many millions do I lack?"
Upon hearing this, the trader immediately responded: "Understood!"
While the phone was still on, Fang Hong looked at the time-sharing price trend of Bitcoin again. After a while, about ten seconds, the price of Bitcoin suddenly started to surge straight up from the price of 3.6 US dollars, like onions on dry land, soaring upwards.
$6, $8, $16, $20, $27, $30…
In just 80 seconds, the price of Bitcoin rose from US$3.6 to US$30. This violent rebound reached +733%. If someone were to buy the price of US$3.6 at the bottom, it would take less than a minute and a half. seven times.
At the same time, the guy who bought it at $6 eight days ago and didn’t sell it at $52, but ended up losing 20 points at $4.8, watched helplessly as the price of Bitcoin skyrocketed to $30. 7 times more.
"Damn it! I just cut my flesh with 4.8 knives and you're going to explode like this? Just a few of my steel drills? Is your horse riding a lunatic? The grass and mud Malaga Bazi..." He said on the spot Breathing out the fragrance, his blood pressure skyrocketed. Bitcoin's skyrocketing time-sharing line seemed to be a reflection of his blood pressure skyrocketing.
I was really going to faint from anger.
Looking at the time line, this guy only felt a sense of deep malice.
pain!
It hurts so much!
It really hurts!
At the same time, the price of Bitcoin stayed at $30 for less than three seconds, and the time-sharing line turned around again and vented wildly.
In just two minutes, the price plummeted from 30 US dollars to 5 US dollars. During this period, the price dropped to -83%, and among those who participated in the operation, some made profits and some lost. It is now a zero-sum game.
Every profit one person makes is another person's cut.
The wealth doesn't disappear, it just moves, from one person's pocket to that person's pocket.
Next, after Bitcoin fell to the price of 5 US dollars, it did not rise or fall sharply for several hours. Of course, this is also compared to the previous terrifying amplitude of 134%.
In fact, the fluctuations are around 4 to 6 US dollars, and the amplitude has reached about 50%. The price fluctuations here are still quite violent.
Fang Hong had already hung up the phone. Before hanging up, he had already given instructions to the trader about the following trend and where today's closing price would be, including the trend in the next few days.
As time went by, the price of Bitcoin finally rose again, starting from the price of 4 US dollars and closing at 27.5 US dollars. The increase during this period reached +587.5%. Finally, today's closing price closed at 27.5 US dollars - 23.40%.
The daily K-line that Bitcoin came out today is mind-numbing to watch. The negative line's real body fell by -23.40%, which is already a huge drop. The most exaggerated thing is that the length of the two upper and lower shadow lines is much longer than the negative line's real body. , adding up to an amplitude of over 134%.
This is the largest intraday amplitude fluctuation in the history of Bitcoin. Players in the currency circle thought that the amplitude fluctuation of the big negative line that K hit out a few months ago would never be surpassed. Unexpectedly, it was still too young.
Compared with today's K-line, it pales into insignificance.
…
(End of chapter)
