There are many ways to make a profit, so there is no need to hold on to equity. Anyway, it is just a one-time deal, just a tool.
However, investors from all walks of life expressed that they could not understand Merrill Lynch's operation. What was even more incomprehensible was that Charlie Alexander or Merrill Lynch changed their tune and said that they had reached a new consensus after many exchanges and consultations with Qunxing Capital. and reassessing the cryptocurrency market.
It’s just that I said clearly that Merrill Lynch is also optimistic about this thing. Do you believe it or not...
have to!
Now, the public officials and big Vs who had been clamoring that Hua Yu wanted to apologize some time ago were very embarrassed. They shouted excitedly for a long time, and their words were stern and upright. In the end, the master personally tore down the stage. What kind of thing is this?
But now those public figures and big Vs have kept silent about this matter.
At the same time, the price of Bitcoin also fluctuated violently today. After the news spread, its price jumped all the way to $195.45, a daily increase of +64.52%.
Instead of cutting corners, Merrill Lynch increased its stakes and used actions to express its optimism about encrypted digital currencies. Do you believe it or not?
The market responded by believing it.
But only for a few hours.
As a result, after the price of Bitcoin soared by more than 60 percentage points, it collapsed again. Not only did it fall back all the gains during the day, but it also hit a new low all the way. Its price dropped as low as $53.61, the largest drop during the day. It reached -54.87%, achieving an intraday amplitude fluctuation of 119.39%.
Those who were long at the highest point of the day directly suffered a loss of -72.57%.
This is the response given by the market, and no one believes it.
Even watching it secretly, I felt that Merrill Lynch was tricked by the stars and was directly trapped, and had to express its optimism about the cryptocurrency market against its will.
However, the price of Bitcoin rebounded sharply in the end. The final closing price was locked at US$85.17, closing down -28.31%. It continued to rebound the next day on October 8, reaching a maximum price of US$147.65, with a price of +73.36%. intraday increase.
But the good times didn't last long, and then it plunged sharply again, eventually closing down 67.70 and then down -20.51%, with another intraday amplitude fluctuation of more than 100%.
In the next two days, Bitcoin rebounded by about 20 percentage points, and then fell by more than 20 percentage points the next day. The intraday amplitudes were both above 50%. It can be said that the fluctuations were very violent.
However, the trading volume has not increased, which shows that Merrill Lynch has not cut the meat and cannot cut the meat.
Participants also know that Merrill Lynch took over more than 4 million Bitcoins when the price exceeded $1,000. There is no point in cutting the meat at this time, and no one can take it. If Star Capital doesn't take it, no one will take it.
If you don't cut the meat, it will be a floating loss at least, but if you cut it, it will become a real loss.
So the question is, how will Merrill Lynch deal with this bad debt?
As a result, a new game logic emerged.
If Merrill Lynch really plans to cut the meat, will it raise the price to arouse emotions so that it can reduce its losses?
Therefore, there is such a logic in Bitcoin that some people got involved and caused the price fluctuations in the past few days to be extremely violent. Although from the K line, the recent K line is incomparable with the previous super big positive lines and big negative lines.
But the actual percentage volatility is even worse, with an intraday amplitude fluctuation of about 50% every day.
In the following days, the price trend of Bitcoin staged a flash crash almost every day, with a drop of at least more than 20 percentage points. How miserable the short sellers were before they were squeezed out will be how miserable the bulls will be after that.
The price of Bitcoin has also dropped from a three-digit price of over a hundred yuan to below double digits or even single digits.
…
The National Day holiday is over and it’s Monday, October 10th.
The A-share market has ended its holiday and ushered in the first trading day after the holiday. However, Big A performed a unique trick of setting new lows for hundreds of millions of shareholders when it opened after the holiday. It fell -0.61 percentage points that day, and the market index fell. It reached the position of 2344.79 points, setting a new low for the year.
The market is gloomy. Today's Shanghai Stock Exchange Index trading volume has shrunk to only 39.9 billion. Except for information services and transportation, most sectors have fallen. The market can be said to be extremely sluggish.
However, as the overall popularity leader in the two cities, Tianzhou Online, which has caught up with the trend of backdoor reorganization of Yixing Video, has exceeded the upper limit of people's awareness.
The stock reversed the daily limit on the last trading day before the holiday. Today's opening exceeded expectations and hit a one-line daily limit, which directly blocked the daily limit for the whole day. The stock price rushed to a new historical high of 55.52 yuan, and the market value also increased. It expanded to a height of 10.382 billion.
During the National Day holiday, Tianzhou Online also disclosed the latest progress and related news of the reorganization in a timely manner, which was mostly positive.
But, in the eyes of many investors, the normal script should be that a high price is good and cashing in is a bad thing. If a high price is bad, it is super bad. No matter what logic is used to judge, Tianzhou Online should fall.
As a result, the actual market trend is completely opposite. When there is evil, there must be a demon, and Tianzhou Online is undoubtedly a big demon stock.
Shortly after the market closed, a piece of heavy news came out of the market.
Huijin announced that it will increase its holdings in the four major banks, which is important information.
In addition, insiders reported online that Qunxing Capital plans to increase its holdings in banking stocks.
The news spread on the Internet is not out of thin air. Fang Hong has made arrangements for the company a long time ago. The four major companies have enhanced their capital adequacy ratio and launched a 100 billion refinancing plan. Qunxing Capital is going to participate. This is not for making money, but for awareness.
Of course, with this kind of awareness, you can definitely make more money.
Star Capital declined to comment on the news spread online.
As soon as these two major pieces of news came out after the market closed, almost everyone was optimistic about the market.
Some institutional research and development institutions said: Positive signals from the policy front are gradually emerging, and the short-term market is expected to rebound after a negative decline. After the decline in the past year, without major negative news for the market, the construction of the bottom is nearing completion. When When important good news appears on the policy front, it is when the market recovers.
Some bullish institutions also believe that Huijin’s increase in holdings in the four major banks is the inheritance and continuation of the previous increase in holdings by shareholders such as Zhong Petroleum and Baosteel. It is the result of major shareholders voting and choosing with their hands after the valuation of the mid-weighted A-share sector reached a record low. The direct manifestation of the increase in holdings is a reaction to the extremely low valuation of this type of stock price. Therefore, Huijin’s increase in its holdings in the four major banks will be beneficial to the valuation restoration of financial stocks.
After the close, the big A was as usual, with all kinds of good news coming together. Then the H-shares of Zhongzi Bank rose in the late trading. The H-shares of the four major banks all rose by more than three or four percentage points.
The reason why Huijin's increase in holdings has attracted much attention is because the market directly hit the daily limit in 2008, so everyone is extremely optimistic about tomorrow's market, and a high opening is inevitable.
However, some people are quite cautious. The situation was completely different when the stock market rose to the limit in 2008. At that time, the cooperation of the country's multiple rescue policies had a huge impact on the stock market. The main funds began to pull the market almost desperately. , stock investors also followed the market crazily, which caused the market index to reach its daily limit.
But now we don’t have the intensity of the bailout policy that we had back then.
In the evening, good news continued one after another, and the external market also rose sharply. The after-hours news was good one after another, which made the stock investors who had cut their flesh today miserable.
…
