I stole someone else's ticket to rebirth

Chapter 322 It’s You, Boeing!

The essence of this matter is that Bitcoin is anchored to the US dollar.

Of course, the existence of Bitcoin challenges the role of the US dollar in the global financial system and may even shake its core.

However, due to the attributes of the US dollar, we currently have to use US dollars for transactions. No matter what currency it is, it must eventually be converted into US dollars.

To some extent, it also increases the core strength of the US dollar in the short term.

This is why the United States has not officially banned Bitcoin. They also want to get out of this.

However... Bitcoin is ultimately a very small link in the entire financial system and cannot be considered the focus of financial games. They are not going all in, nor will they pay a huge price to kill this thing.

Li Yang doesn't want to take action now. The loss of tens of millions of dollars is the loss. The most important thing is to resolve this matter as soon as possible and maintain the reputation of the Huobi platform.

The other party went to so much effort just to bite a hole in the Huobi platform, but such a small hole can't allow much to flow out.

Perhaps they wanted to bring down the platform in one fell swoop, but they underestimated the platform's resilience and overestimated their own influence.

Unless they have the ability to allow everyone to withdraw cash in an instant.

This kind of thing is almost impossible to do.

However, this kind of thing cannot happen too often. Once it happens too many times, it will lead to a gradual loss of users.

This time, perhaps a lot of users will be lost.

Li Yang is not clear about the capital structure of Bitcoin spot.

However, he knew the financial structure of the Bitcoin contract very well.

Currencies come from all over the world, of which the US dollar accounts for 50%, the RMB accounts for 20%, the euro and the yen account for 25%, and the rest account for 5%.

The main reason why the US dollar accounts for too large a proportion is that the currencies of many small countries are not supported by the platform, so they can only turn to the US dollar and use the US dollar platform to join in.

He knew that there were many domestic users and that there might be tens of billions of funds involved, and he even provided convenience for a lot of domestic funds.

But he would never worry about anything because of this, even if the money from the country came from wrong sources.

It is impossible for him to refuse to accept RMB, as that would help cultivate users for his competitors, and those funds would also flow into other platforms.

Jiang Banxia also knew that it was his own actions that brought about this negative effect. He had to pay out some money before he even made any money, and might even lose some users.

It is difficult to measure the value of those users with money.

Her laptop contains all of Li Yang's account information, but she has never taken care of the others. It is Chen Peipei who is handling them.

She was fine today and took a look.

It was discovered that the only positions were short, and the account funds reached a terrifying amount of 80 billion US dollars.

However, out of the $80 billion, nearly $60 billion is restricted.

Because selling short orders will obtain funds from the market, those funds will be retained in your own account. However, the money cannot be moved until the short contract is repaid.

If the value of all short contracts held by Li Yang falls to zero, it means that all the money in the account belongs to Li Yang.

Judging from Li Yang’s stock holdings, he has shorted almost the entire world.

He is involved in almost all crude oil products that can be shorted, with total funds reaching 50 billion US dollars.

The average leverage is five times.

But... Jiang Banxia soon noticed that in addition to shorting crude oil, Li Yang also had a large position in shorting Boeing.

Boeing has indeed not been doing well recently, with its market value falling from US$400 billion to the current US$310 billion.

Theoretically speaking, even if the short position was not fully sold, it was almost done. There would not be a fluctuation of 20 points up and down. As a result, Li Yang shorted a full 10 billion US dollars, which was divided into three accounts.

It is equivalent to borrowing three points of Boeing's shares from a brokerage firm and selling them on the market.

At any time, she felt that what Li Yang did would not be aimless.

When Li Yang says he is bearish, he means he is bearish.

However, when she checked the relevant data, she found that there were not many short orders for Boeing.

Especially the shares held by major securities firms, which together account for 25%
This is a terrifying number. Li Yang has already taken up 3%, and those brokerage firms still have so many. Does this mean that except for the ones held by Li Yang, there are almost no short contracts in the market?

So what was Li Yang’s purpose in shorting hundreds of billions?
His funds have already been invested and there is not much room for further operations.

She looked at Boeing's K-line in the past few days and found that the trading volume was very good.

Over the years, the U.S. stock market has created an illusion for investors around the world, that is, every decline is an opportunity.

Because every time they fell, they were pulled up again.

Therefore, even if those stocks have fallen by more than half, there will still be countless investors flocking to them.

Basically, short selling is a right unique to Wall Street. Others generally dare not touch it. At most, they buy some stock index futures and short sell individual stocks. Most people don't have that courage.

Jiang Banxia feels that there is sufficient support from below, and Boeing has already fallen into a golden pit.

As the global leader in large aircraft, there is no shortage of orders every year. The global shipping aircraft shortage in the next five years will be more than 8,000, and Boeing has countless orders to take.

Fundamentally speaking, Boeing is unbeatable.

This time, Xinguan has indeed affected the air transport business, but at the same time, the current lower crude oil prices are also good for transportation costs. A drop of 20 to 30 points at this time is considered to be a drop no matter who looks at it.

Jiang Banxia felt that there was more to it than just this...

Moreover, there are many ways to short sell U.S. stocks, not just borrowing chips from brokerages. Real bigwigs will never make their actions so obvious.

Brokerage firms' holdings are public. They will make public how much has been loaned out and how much is left.

Three days ago, the brokerage firm's share was still 25%, but in these three days, Li Yang's account took in nearly billion US dollars in shares.

This means that there were still short orders in the market three days ago, but now the short orders are decreasing.

On the evening of March 3, Jiang Banxia took a look at the situation.

I tracked Boeing's performance in real time.

Everything seems normal, except that the brokerage firm's share has increased slightly.

Someone has repaid the short position again, and all the short positions in the market should have been wiped out.

Boeing completed transactions worth US$6.4 billion that day, which was a significant increase compared to previous days.

The daily trading volume is around 5 billion US dollars. On the previous day of a big drop, the trading volume was only 9.4 billion US dollars.

At this time, Jiang Banxia couldn't see the situation clearly. The only thing she could do was to use the principle of hypothesis.

This is a thought that can only be triggered in Li Yang.

Suppose that Boeing is to be shorted on a large scale, then... the opponent will definitely not put it out in the open in advance.

The more stable it appears on the surface, the more uneasy it is behind the scenes.

June 3th, Friday night.

Jiang Banxia once again set his sights on Boeing.

Li Yang has already dealt with yesterday's incident with Chen Peipei. Although the loss of some users is inevitable, at least the basic base has not been shaken.

There is no way to send internal messages on the Huobi platform now, otherwise those accounts will be blocked directly.

You can only wait for those transactions to be completed. If the money is returned to the bank account, then it’s fine. If it continues to be executed and is directly paid to the user, then you can only think of ways to recover it.

There is no way to get it back.

At this moment, Jiang Banxia suddenly said, "Husband, do you have any other securities accounts? Lend it to me."

"Hmm? What are you going to do?"

"I'm going to short Boeing."

Li Yang immediately said, "Do you have to come?"

"Yeah, yeah!" Jiang Banxia nodded seriously.

Li Yang said, "Okay, I'll ask Chen Peipei to get you a few accounts."

Although Li Yang is confident that he can make billions of dollars from Boeing's stock, if he is lucky he might be able to make seven or eight billion dollars.

But since Jiang Banxia wanted it, just give it to her.

After all, Jiang Banxia didn't refuse when he wanted it. Even if it was a hindrance, there might be others in the future...

After a few minutes, the account was set up.

Jiang Banxia began to allocate funds.

Since he didn’t have to go to the company tomorrow anyway, Li Yang simply came over.

Then he saw a magical scene.

Jiang Banxia directly borrowed $500 million worth of Boeing stock from a brokerage firm, with a four-fold leverage.

After lending out these stocks, she sold them directly on the market, instantly dropping Boeing's share price by three points.

Because Boeing's ability to undertake the deal was not strong at the moment, and the market was not prepared for a sudden large-scale investment. Li Yang: "????"

It's so obvious, it's obviously to attract other people's attention.

However, Jiang Banxia seemed to feel that this was not enough, and after the market sentiment had been slightly restored, he once again went to the brokerage firm to borrow $500 million in stocks. All the configurations were the same as last time, except that the number of stocks this time was a little more.

Once again, smashed out.

She did it without hesitation.

At the same time, she started to build a position in another account, buying Boeing shares in small batches.

There are regulations on the US stock market that an account cannot hold both long and short positions on a certain stock at the same time.

And Jiang Banxia probably doesn't want people to know that these two accounts belong to the same person.

Therefore, the account used for buying is not leveraged, since you can’t make much money in the early stage anyway.

This time it was directly hit seven points below the water level, and then with funds from multiple parties, it slowly began to rise, and finally pulled to about five points below the water level. Jiang Banxia once again borrowed $500 million worth of chips from a brokerage firm, and then smashed it all.

The support this time was very weak, almost falling ten points below the water level.

Fortunately, Jiang Banxia's other account took over it.

Once a stock falls more than ten points in a day, short selling is prohibited in the U.S. and it is impossible to open a short contract with a brokerage firm.

Jiang Banxia is stuck on this line.

Boeing's sharp fluctuations caused anxiety among the chips on the market, leading a lot of funds to start selling chips.

It's only been less than twenty minutes since the market opened.

For Wall Street, there is a change.

This time, the Xinguan incident is an excellent reason for Wall Street. They are accustomed to using such black swans to draw blood from the stock market and make enough profits.

In essence, they hold more than 50% of U.S. stocks, and local institutions together hold about 30%, and the remaining 20% ​​is international capital.

To this end, they had already made arrangements a few days ago. In comparison, Boeing is the stock they value most.

With a market value of hundreds of billions, the negative news is obvious enough.

The most important point is that they can manipulate the profits of any U.S. stock.

They could easily cause Boeing to lose billions of dollars.

Similarly, it can easily bring billions of dollars in orders to other companies.

They understand things that others cannot grasp.

For example, what the White House is going to do in a month will appear in their offices as soon as it is discussed. They are the dollar's fighters and will be on the front line.

Normally, they don’t have much opportunity to sell U.S. stocks, because once they sell in large quantities, the market will be in chaos.

And they also need long-term stable book profits to protect the interests of those investors.

Those investors can't afford to lose money.

This time, it is the first time they decided to officially harvest after several years of planning, and the harvest target is about one trillion US dollars.

Especially in the past two days, problems have occurred frequently, factories in China have stopped production, and a large number of industrial products cannot be shipped, causing domestic inflation in the United States to begin to rise.

Prices are soaring, but there is not enough money in the market.

How to do?
Print money!

In other words, the US stock market will definitely rise next. Once money starts printing, the upward momentum will be unstoppable.

And what about them? They have invested almost all of their cash in the past few years, and they haven’t reaped the rewards yet.

It is necessary to harvest a wave and gain more cash, or to lower the price of chips first, so as to facilitate subsequent entry.

Otherwise, even if the US stock market rises later, the benefits they gain will be quite limited.

For Wall Street, a rising market is never a stage for making profits. Once the profits start to be made, the momentum will be suppressed.

The decline is the most profitable stage.

No one could have imagined how cheap the chips in their hands would be.

This time, the right time, right place and right people are all on their side, and they only have one month.

There may not even be a month left. Last month they were mainly making the layout, and now the layout has been completed and the arrow is ready to be launched.

As a result, Boeing was smashed!
The smash was quite severe.

This month, they have opened more than 60 billion US dollars of short orders on Boeing, but they did not get them from brokerage firms.

Their plan is to wait for the situation to ferment on Saturday and Sunday, and then use their privileges to directly take chips from the brokerage firms and smash them on the following Monday.

Once the price drops by ten points, others will have no chance to short sell and will be forced to buy up chips little by little.

It doesn’t matter if they don’t buy it. Anyway, they have the short positions, and the stock price has been smashed down. The chips in the hands of others no longer have room for profit. They can either hold on or admit loss and get out.

And they have other means, not just this one.

But now Boeing has been hit in advance, which has directly disrupted their rhythm.

The other party also holds a large number of short positions, which will eventually compete with them for shares and seriously affect their profits.

It may even prevent them from making any money.

To reduce Boeing's market value from $400 billion to $300 billion is to clear out the short orders in the market.

Finally, on the last day, something happened!
There is no doubt that a group of Wall Street elites gathered together at the first opportunity.

What? Violation?

Violate your rules!

They are the ones who make the rules, so what's wrong with joining forces to trade stocks?

They represent various institutions and are basically representatives of global financial giants.

The data of Jiang Banxia's short positions appeared in their hands at the first time, and it was easy to get them.

"There is capital in the market taking over the other party's chips. The other party tried to smash it down to within ten points, but it has not succeeded..."

Someone told the situation on the field.

They did not find this unusual. Under their management, the U.S. stock market was extremely resilient.

The other party has just invested chips worth 3 billion US dollars, so it is normal to be taken over.

There are only two choices left for them. Either use funds to force a surge today and blow up those short positions.

Or just ignore it.

Otherwise, these short position funds will become a thorn in their side. Although the funds are not much, they may stab them in the back at any time.

If we want to manage it, we need to mobilize funds, estimated to be more than 2 billion US dollars.

"Guys, we have to take action to blow up the other side. The other side has leverage. We only need to raise the price by 20 points. That's enough! If we let the other side continue to smash the market like this, it will attract a lot of funds to enter the market to short sell. It hasn't fallen to 10 points yet."

"We can drive Boeing's stock price down 10 points, making it impossible for the other party to open a short order."

"Dude, you should put your brain in the freezer for a while. You're already confused by the heat! That's $3 billion in short orders. There have been more than $10 billion in short orders in the market before. It's the limit of what we can tolerate."

"..."

They have always known that there are short orders in the market, but they believe those short orders are normal and may be carried out by other American institutions, which do not conflict with their interests.

At least the other party did not directly crash the market, everything was going according to their pace.

They can't possibly eat up all the profits, that's unrealistic.

If you are greedy for absolute profit, you can't accomplish anything.

In a market worth tens of trillions of dollars, it is enough for them to take a big share.

"If the other party still has funds, we can't do anything..."

"No, no, no, we have a way. We can first break through the position of ten points underwater, so that the opponent can't open a short order later, and then blow up the opponent. It only takes a moment... I don't think we need to spend much money. There will be a lot of funds willing to help us in this process."

"Dude, your idea is great. We should contact the brokerage firm right now and ask them for chips. Maybe in the end... we won't have to spend any money at all. Others can't use the contract funds, but we can..."

……

Jiang Banxia leverages his short position to give others opportunities.

It’s just twenty points, it’s actually not that difficult.

Especially since trading volume has already dropped and bullish sentiment in the market is relatively high, a rise at this time will attract a large amount of hesitant funds to enter the market.

In an instant, the account that Jiang Banxia was bullish on took in nearly $500 million in chips.

She immediately found a brokerage firm and opened a short contract for $1 billion, which she also allocated to another account of hers.

(End of this chapter)