The next day, June 29
In the living room of the Jingxinju villa, Tian Jiayi reported to Fang Honghui: "The Bitcoin trader told me that the funds are almost exhausted."
Hearing this, Fang Hong immediately ordered: "Then transfer 300 million US dollars from my personal account overseas and continue to short squeeze. If it is not enough, transfer it again."
Tian Jiayi paused, nodded and said, "Okay."
Fang Hong turned to ask: "How was the discussion with the people at Merrill Lynch?"
Tian Jiayi said concisely and concisely: "It went very smoothly."
The beautiful assistant thought about the current price of Bitcoin and couldn't help but ask: "You pulled Bitcoin up so high, do you want Merrill Lynch's funds to take over your order at a high level?"
Seeing Fang Hong smiling and saying nothing, Tian Jiayi couldn't help but be stunned.
This is really the case...
Fang Hong said calmly: "Merrill Lynch will definitely help them make money if they let me manage the money. After all, 35% of the profits are not allowed, but I will torture them first. I will make money anyway."
Merrill Lynch's entrusted funds will take over the task of raising the price of Bitcoin and shipping it. If the other party angrily demands to withdraw the investment, then withdraw it and take whatever funds are left.
It's like cutting Merrill Lynch's leeks, and they're cut right at your doorstep.
If you don't withdraw your capital, you will have to endure the floating losses on your Bitcoin account, and the annual management fee you should pay for that fund cannot be less.
At the moment, the price of Bitcoin is trading around the $70 level.
After receiving $300 million in liquidity support, the trading team immediately started working.
At around 22:45 in the evening, the price of Bitcoin once again launched a short squeeze with absolute financial strength. In just ten minutes, its price rose to a record high of $102.6, marking the largest intraday increase of +49.73%. The price of Bitcoin exceeded the $100 mark for the first time, with the nominal market capitalization reaching a height of $2.15 billion.
It finally closed at $96.17, a sharp increase of +40.38% that day. Four consecutive positive lines were picturesque, and the cumulative increase in four days was close to 4.5 times.
Players in the currency circle did not expect that after a wave of hackers attacked the x trading platform, Bitcoin not only did not collapse, but soared unreasonably.
The most uncomfortable person at this time was Mark Kaples, the founder of the
The x management team even wanted to find a reason to close the trading platform.
However, it is useless and cannot be done.
Because there is more than one trading platform for Bitcoin now, closing the trading platform is of no use and will only make you more passive.
The x trading platform lost 750,000 bitcoins from its users. According to today’s latest price, the face value has reached 72.12 million US dollars. The x trading platform is most afraid of being sued by its users.
…
In the next few days, Bitcoin continued to rise sharply due to short squeezes.
On June 30, Bitcoin surged +27.20% to close at $122.33, with a nominal market value of $2.568 billion;
On July 1, Bitcoin surged +33.13% to close at US$162.86, with a nominal market value of US$3.420 billion;
On July 2, Bitcoin surged +20.79%, closing at a price of US$196.71, with a nominal market value of US$4.130 billion;
On July 3, Bitcoin surged +15.85% to close at US$227.89, with a nominal market value of US$4.785 billion;
As of July 3rd, Bitcoin has experienced incredible unilateral surges. Its price trend has repeatedly refreshed the cognitive upper limit of every currency player, and has also become the focus of the global capital market. Covered by major media.
More and more people who don’t speculate in Bitcoin are also aware of this thing, because the rise is too crazy.
There really is no daily limit, and then the price keeps rising.
The x trading platform just wants to die when it sees the price trend of Bitcoin. Now it is being roasted on the fire and howling. The entire currency circle is currently in a state of excitement. Everyone's focus is on how high Bitcoin can rise. More and more people from all walks of life outside the circle came to watch the excitement.
In this high-pitched state, one thing is being covered up, that is, users who have lost 750,000 Bitcoins entrusted to the x trading platform have begun to have more and more users ask for Bitcoins and lose money. Yes, compensation will be based on the current market price.
According to the current market price of US$227.89 each, there are a total of 750,000 Bitcoins, which is worth US$170.91 million. I can’t afford to pay for pawning the bottom of the founder of x trading platform. I just can’t get out more than 17 million US dollars.
The current situation is that some users who have lost Bitcoin have an urgent desire to stop profits. From the cost price of around US$15 to the latest price, it has surged more than 14 times.
These users also know that if they have not lost it, they will definitely not be able to hold it. They may close their positions when the trading platform skyrockets by more than 50 points from the first point it was newly developed, or even cut off their positions when it drops -20%. Out.
But, there is no but!
The actual situation is that the responsibility lies with the x trading platform, and the users don’t care about it.
And now, these users know that they have become rich unexpectedly. At this time, they are very eager to sell and cash out, because they firmly believe that Bitcoin will definitely collapse.
In fact, almost 99% of participants now think so, and Bitcoin will definitely collapse.
In the past eight consecutive days of skyrocketing, almost every day some people predicted that the price trend of Bitcoin would collapse that day. Every time it suddenly plunged, it felt like the next second would be a repeat of the bloody collapse on June 8.
But the price trend of Bitcoin is soaring all the way, being criticized all the time, and rising crazily.
Players in the currency circle firmly believe that Bitcoin will one day collapse, but the temptation of this trend is fatal. At first, they resisted the temptation and did not reach out, but every time they opened the Bitcoin trend chart... …
Losing money is worse than losing money.
After all, some people can't help it, go in and gamble, make money, hesitate for a while, then go in and gamble again, and make money again...
Gradually, and then became more and more unbearable, from a light position to a heavy position...
Gradually, he became more and more excited and fanatical, and his heart of getting rich began to burn brightly.
As for the protection of Bitcoin, the pressure on the
…
On July 4, Bitcoin first fell back by 11.68 percentage points, and the price reached 201.27 yuan. It felt like it was about to collapse, but it began to burst into short positions again.
At around 2:20 a.m. that night, the price of Bitcoin broke through the historic US$300 mark. The highest price during the day reached US$302.56. The largest increase during the day was +32.76%. The nominal market value of Bitcoin refreshed to US$6.353 billion.
In just nine days, it rose from US$17.5 to the current highest price in history, an increase of 16.28 times.
The trend of Bitcoin is breaking through the cognition and imagination of players in the currency circle every day. No currency speculator would think that when the price of Bitcoin was US$0.6 in April, it could rise to a height of US$300.
In just three months, it went from US$0.6 to US$302.56, a cumulative increase of +50326.66%, more than 500 times in three months.
…
(End of chapter)
