The following day is Saturday.
Some well-informed capital institutions in the industry heard the news today that Qunxing Capital had cut off Merrill Lynch.
At first, no one believed this, thinking it was absolutely impossible. Star Capital here is one of the top non-bank financial giants in the country, and Merrill Lynch over there is the world's top investment bank, along with names like Goldman Sachs and Morgan. .
Just a while ago, the two parties reached a major asset management plan cooperation, involving an amount of more than 50 billion yuan.
It is impossible for Qunxing Capital to cut off Merrill Lynch, one of the world's five largest investment banks.
That's a huge amount of capital standing at the top of the Wall Street food chain. Let's not talk about whether you can cut other people's leeks. It's just for you to cut. Do you dare to do it?
But what they heard next shocked them.
Do you really dare to attack Merrill Lynch? Do you really want to cut him off?
Some capital institutions in the Mainland who heard the news called it "good guy", and then hurriedly called (chi) and listened (gua) further, wanting to know how Qunxing Capital cut Merrill Lynch's leek.
After asking around, I found out that it was through encrypted digital currency!
Now the answer is revealed!
In recent months, Bitcoin has skyrocketed from a price of $0.6 to a jaw-dropping height of $1,059.96. This epic three-wave rise is indeed a masterpiece driven by Qunxing Capital.
In the past, many investment institutions wondered whether the way Bitcoin played the game was to treat market investors as fools? Who will pick up this plate?
Many people are ready to see the joke.
Good guy!
I asked Merrill Lynch to take over the co-authorship.
This leek is cut...
The news had spread rapidly among the upper-level circles, and the news soon reached Chung Tai Capital. Liu Qizheng was shocked when he learned the news and confirmed it was true: "How dare Merrill Lynch Come on, this Hua Yu is really ruthless!"
Liu Qizheng couldn't help but secretly give Qunxing Capital a thumbs up. Few of his peers in the mainland would have the courage to offend Wall Street's top capital giants.
As a result, Qunxing Capital just did it.
Moreover, Merrill Lynch took the initiative to cooperate and just gave you 8 billion US dollars to manage, and you swung the sickle out with your backhand...
Shocked, Liu Qizheng was also a little worried and a little scared. Qunxing Capital was a bit ruthless. Zhong Tai was now cooperating with Qunxing. Would Hua Yu turn his sickle on them with his backhand?
The big guys in the industry who learned the news couldn't figure out why Stellar Capital would take action against Merrill Lynch. Several billion dollars was indeed an astronomical sum, but offending Wall Street for this was not cost-effective no matter how you looked at it.
Really think differently.
From Saturday to the weekend during the day, the news was still spreading among a very small circle at the top of the industry, but at around 23:25 in the evening, I don’t know who leaked the news and spread the news.
In an instant, it quickly went viral on the Internet and was immediately made public to the public.
Now the capital market and the Internet are exploding. The news that Qunxing Capital used Bitcoin to receive billions of dollars from Merrill Lynch went viral on the Internet. It was on the hot search in the middle of the night. Many investor exchange groups are discussing this matter. .
Bitcoin has once again entered the public eye, and the melon-eaters who are watching the excitement have also gathered to watch.
[Wow, why are you spreading this news? Is it true? Are the stars turning on Merrill Lynch? I am not wrong, right? Isn’t the money for more than a month between you and me? How can the friendship boat capsize so easily? ]
[Reaping as much as four to five billion US dollars from the world's top investment banks...]
[The truth behind the skyrocketing Bitcoin price has finally come to light. Who would have imagined this? ]
[Is it really good to treat your partners like this? Who dares to let Qunxing do asset management planning in the future? Directly harvesting my own LP is something I never expected...(face covering.jpg)]
[Is it possible that Qunxing Capital has no intention of taking over the asset management plan? ]
[No, it doesn’t make sense. We are all predators, why should we fight with each other? I can’t figure it out...]
[The case has been solved, the case has been solved, the Bitcoin surge has been solved. ]
[Hahaha, does this mean Merrill is stretching his neck to have someone chop him? Qunxing has something, and Hua is always a ruthless person. ]
[Although it is a bit unkind, the Wall Street capital giant was cut off, which makes me feel inexplicably happy... (laughing and crying.jpg)]
[I have never understood why Bitcoin has skyrocketed. It turns out that’s the case. It’s so high that I doubt that life is all deliberate. Fortunately, it’s not a piece of cake...]
[I think it’s because people don’t like Xiao San’s few steel drills, or it’s because he cuts the big crocodiles quickly...(face covering.jpg)]
[Can’t think of it? Everyone said that Qunxing Capital was going to suffer and lose all its investment in the cryptocurrency market. Unexpectedly, they had already booked a successor and made a huge profit of 4 to 5 billion US dollars. ]
[Meilin cried and fainted in the toilet...]
[Holy shit, is Bitcoin about to collapse? ]
[Starts diving. ]
[Made fights with one shot and goes directly into the empty warehouse! ]
…
At the same time, the time came around 23:56 in the evening. The news was exposed on the entire network for more than half an hour and was finally transmitted to the encrypted digital currency market. At this time, some people were watching the excitement, and some people discovered the wealth password. .
Yes, some speculators who reacted quickly realized that Bitcoin might collapse at this time, so they quickly went short.
The logic of the short position is that Merrill Lynch took over four to five billion dollars of Bitcoin at around $1,000, which is more than 4 million. This is absolutely a huge amount. If Merrill Lynch is forced to close the position and stop the loss, what will happen?
Moreover, these speculators who responded quickly discovered that the x trading platform still provided short-selling tools.
In other words, if you want to go short, you can still go short.
Just around 23:55, the price of Bitcoin hit a new intraday high, reaching the price of 824.13 US dollars, an increase of +1.92%. However, in the last five minutes or so of today, the price trend of Bitcoin Suddenly encountered large-scale short selling, its time-sharing line plummeted.
Some mainland currency players don’t know the news yet and are sleeping, holding some Bitcoins in their hands, completely unaware that a sudden flash crash has occurred.
As time jumped into the early hours of the morning, Bitcoin's closing price today was locked at $738.85, down -8.63%, and its nominal market value dropped to $15.515 billion.
But it’s not over yet, because Bitcoin trading is 24 hours a day. One morning passed on Monday, September 5, and trading continued. The opening price on the latest trading day was the highest price of the day, because the trend was Straight dive.
At 00:13 in the morning, the price of Bitcoin reached its lowest price today, falling all the way to the price of 520.80 US dollars. The largest intraday drop was -29.51%. If calculated from the price of 824.13 US dollars when it collapsed more than 20 minutes ago , the cumulative decline reached about -36.80%.
The price dropped from the historical high of US$1,059.96, and has reached a cumulative decline of -50.86%, which is more than halfway.
The floating loss rate of the Bitcoin held by Merrill Lynch directly expanded to -49.43%, which is no different from being cut in half, with a direct loss of US$2.225 billion.
At this moment, the price fluctuations of Bitcoin are also extremely violent. After falling to the price of 520 US dollars, it quickly rebounded to the price of 650 US dollars, with a rebound rate of more than 25 percentage points, but then it plunged again.
…
(Ps: A wave broke out today...)
(End of chapter)
