Less than a minute passed, and the trend of the market changed again. People who were watching the market without knowing the truth were once again dumbfounded, because they found that the major investment targets that had plummeted not only stopped falling and rebounded at this moment, but also appeared at this time. A short-squeeze surge situation.
Funds are being raised frantically, and asset prices are soaring rapidly. The three major North American stock indexes are rapidly turning red and rising, the price of Brent crude oil is turning red and rising, and the price of gold is turning red and rising...
In terms of individual stocks in the stock market, First Republic Bank soared by +76% during the day, and Silicon Valley Bank soared by +103% during the day. All varieties collectively staged a super deep V trend, and staged a double world of ice and fire.
Crazy, crazy!
The onlookers were all dumbfounded. They had never seen this scene before. Most people had witnessed it with their own eyes, but had never experienced it personally. Because they didn't know the reason, they didn't dare to risk entering the scene, so they could only witness it with their own eyes.
In such a scene and such a battle, the wealth in one careless hand may be wiped out and evaporate in seconds.
Only a handful of followers risked their lives to step in a little bit.
This situation was caused by the opponent being short squeezed by Qunxing Capital. A large number of chips were taken away by Qunxing Capital. The opponent finally recovered and realized that he had been fooled. The chips in his hand were on the floor. I sold it at a low price and now I am forced to buy it back.
This resulted in a situation where no one wanted a large number of low-priced chips, but the situation suddenly reversed and turned into a frantic rush for chips. The market suddenly evolved from a buyer's market to a seller's market, with chips in short supply.
At this time, Stars Capital was back-handedly squeezing the market, rushing to raise funds, and focusing on driving up the price. It was simply taking advantage of your illness to kill you.
As you can imagine, asset prices soared suddenly and could not be suppressed at all. The reaction on the market was that all major products, including the three major North American indexes, all showed a super large and deep V trend, with a drop of -10 percentage points from underwater. Turn red and rise.
Opponents are really scrambling for funds like crazy at this moment. The higher the price rises, the bigger their losses will be. The predators are now completely panicked.
This is like how they previously mobilized funds to obtain the chip cost of 10 US dollars. In order to suppress the market price, they lowered the price of these chips to 1 US dollar. Before, it was only a floating loss because the chips were not sold, and it was only a floating loss on paper. .
However, Qunxing Capital bought all these chips at a price of 1 US dollar, and the opponent's market was equivalent to a blood loss of 9 US dollars. The floating loss turned into a real loss, and he was caught by surprise and unprepared.
This is not over yet, now Stars Capital is going to reverse short squeeze.
Most of the chips in the opponent's game are borrowed and will be returned later. Now that they have been taken away from the low position, they have lost $9. If they want to return the chips, they have to sell them from the market and take them back. But the current price has soared, which means The more money you have to spend, the harder the price surges, and the larger the price difference during the period, which means the larger the scale of the secondary loss.
Moreover, in theory, the price drop is limited, and at most it is infinitely close to zero. There are no game rules that allow prices to fall into negative numbers. However, the price rise is unlimited. It can rise double, ten times, a thousand times or even ten thousand times. In theory, All are established.
After being short squeezed in the reverse direction, you will really go bankrupt. How can those predators not panic?
Just when the stock market, futures and other products were experiencing a super deep V short squeeze, the encrypted digital currency market next door went out of the reverse situation of many killing many at the same time, and the price trend of Bitcoin, which originally surged five times, appeared. Blood collapse situation.
Fang Hong secretly holds millions of Bitcoins. One-third of the chips in this category are actually in his hands, and the cost price is less than 2 US dollars. He uses his absolute financial advantage to launch a short squeeze in the opponent's market. At that time, more than 2 million Bitcoins were sold directly at the price of US$4,700, which corresponds to a market value of no more than US$10 billion.
The opponent's expectation was that Fang Hong would buy chips at a high position to close the position and stop the loss. Unexpectedly, he accepted the order at this price, and he received more than 2 million chips.
At that time, the price of Bitcoin plummeted from a price of more than 4,700 US dollars, because the opponent received a message from the boss and quickly canceled the order and reversed the stop loss. Bitcoin is traded around the clock and is T+0.
So it appeared that more than 2 million Bitcoins had just been taken over at a price of more than 4,700 US dollars, and they had to sell to stop loss and ship out when they changed hands. There was a terrifying selling pressure of tens of billions of dollars in the price of Bitcoin.
However, there is no opponent.
There is no undertaking at all below.
As a result, the price of Bitcoin plummeted from more than 4,700 US dollars all the way to 1,000 US dollars or even lower prices, and Fang Hong added fuel to the fire. He sold more than 2 million, and there are still more in his hand. More than 2 million.
At this time, Bitcoin did not have Fang Hong as an opponent, and the market was completely unavailable. Fang Hong added fuel to the fire. He did not need too many chips and only used about 100,000 Bitcoins to directly drive the price to 100. Dollar.
If the opponent wants to sell the more than 2 million Bitcoins, he can, but the price must be lower than 100 US dollars, and Fang Hong is also ready to take over. If the opponent really offers a price lower than 100 US dollars, then That's all. If the transaction is completed at this price, it will only require about US$200 million to receive more than 2 million Bitcoins.
Previously, more than 2 million Bitcoins were sold to cash out US$10 billion. US$10 billion minus US$200 million, not to mention the return of more than 2 million Bitcoins, still made a net profit of US$9.8 billion.
However, the opponent's offer was not sold. The offer was over 4,700 US dollars. Selling it at a price of less than 100 US dollars was no different from giving it away for free. The opponent's offer would rather be locked up than sell it at this price.
And this is exactly the result that Fang Hong wants, and it is expected to be like this. His purpose is to trap his opponent.
Only if they are trapped now, will they try their best to push the price up in the future. This is the same logic as Merrill Lynch's funds were trapped when the price of Bitcoin exceeded US$100 billion for the first time in previous years.
Fang Hong is not worried about losing more than 2 million chips and not being able to get them back, because Bitcoin will continue to be mined in the future, and when the time comes, he will just slowly accumulate chips at low prices.
Now, while making tens of billions of dollars through blood, they will then forcefully drag Wall Street down and give cryptocurrencies a new main force. Only then will they trumpet Bitcoin and the benefits of cryptocurrencies in order to unwind.
…
It’s a long story. In fact, less than five minutes have passed since several Wall Street giants held a temporary emergency video conference and decided to close positions and stop losses. At this moment, the gains of the three major North American stock indexes are already more than +4.5%. .
From -10% underwater to +4.5% above water now, there is an amplitude fluctuation of about 15% in the middle. This is the amplitude of the index.
Individual stocks are even more impressive. Silicon Valley Bank soared by +150% within the day, and First Republic Bank soared by +176% within the day. Other stocks that plummeted by half yesterday are now doubling in value within the day under an epic short squeeze.
It used to be a meltdown-like plunge, but now it has reversed in two levels after being shorted, and it has been a meltdown-like surge.
The market trend has suddenly changed. With the short-squeezing trend of the ultimate deep V, the funds that follow the trend have once again added fuel to the fire and are further short-squeezing.
At the same time, several top Wall Street capital groups held an emergency video conference again. This time, the Federal Reserve Bank of Canada and the Treasury Secretary of the United States came, as did the top leaders of the North American Securities and Exchange Commission.
The internal closed-door emergency meeting discussed one thing: unplug the network cable——!
If the current short-squeezing situation continues, it will really explode on the spot, and it will be completely out of control. I dare not even think about that scene.
Apart from forcefully unplugging the network cable, I really can't think of a better way.
...(End of chapter)
