After divorce, I can hear the voice of the future

Chapter 501: Mine Disaster
“It’s about to start breaking upward again.”

Zhao Changpeng, who was far away in Shanghai, smiled and ordered: "Closely monitor that key margin account. If there is any sign of liquidation, force liquidation immediately."

He saw that this wave of market conditions was extraordinary, the main force was extremely determined to break through, and its momentum was unstoppable.

After two days of adjustment, the market is like a powder keg, which will explode instantly if there is any spark.

It can be said that although the breakthrough has failed now, it will succeed tonight, and Bitcoin will definitely reach 20,000 US dollars.

There is just one thing that Zhao Changpeng still can't figure out: why did they choose to launch the attack during this time period?

It is 6:30 p.m. Beijing time, a little after 7 p.m. in both East Asian countries, just dawn in America, and basically noon in Europe.

If you want to break through the 20,000 US dollar mark and set a new record at the lowest cost, it is best to choose 10 o'clock in the evening.

Because the time period when Bitcoin transactions are most active and frequent is basically the same as that of London gold.

"At this point in time, we should be able to rule out European and American institutions. Could it be that some institution in East Asia wants to launch a surprise attack?"

But before Zhao Changpeng could think about it, the head of the company's securities lending department informed him: "Mr. Zhao, the key account has applied for another 5000 million US dollars of four times leverage, and he wants to continue to cover his position."

Zhao Changpeng frowned and was hesitant. He basically lost all the 1000 million in the first investment, and most of the 4000 million in the second investment. This time he applied for another 5000 million US dollars in margin trading.

One time to open a position, two times to cover the position, three times is exactly 90 million US dollars. As long as you agree, you can get US dollars in interest per day.

But they only hold 2.5 bitcoins. In the previous two times, they have lent out 1.21 bitcoins, and more than are still in the hands of small investors.

Including the reserve coins, there are only 11580 left in the account.

If you agree, you have to take out 10,000 directly, not only using the reserve coins, but also directly using 80% of them.

There will only be 1580 left on the platform, which is almost hollowed out.

"Mr. Zhao, that gentleman wants to speak to you."

As soon as Zhao Changpeng answered the phone, he was scolded: "The largest Bitcoin trading platform in China? I fucking fuck your idiot. I keep applying for applications. If I were at FXCM, I wouldn't have so many problems."

The image of a gambler who has lost all his money is vividly portrayed on the paper.

Zhao Changpeng raised his lips with a hint of sarcasm: "Sir, please be patient, we will cover your position immediately."

"Hurry up, hurry up."

Before Zhao Changpeng could respond, the phone went busy.

His face was as gloomy as water: "Use the spare currency to help him complete the securities lending. Monitor him closely and keep a close eye on him."

I have never suffered such humiliation in my life.

You know, he is supported by the Blackstone Group. Su Shiming met him in person. He is recognized as the number one in the cryptocurrency circle of Dongda University and has a tendency to become the number one in the world cryptocurrency circle.

Fortunately, if virtue is not matched with wealth, there will be disaster.

In this kind of market situation, he still dares to short sell against the trend. He wants to see how this guy will die.

Tokyo Stock Exchange seventh floor office.

"Comfortable~"

Sun Yutao was smiling and in a good mood. Occasionally losing his temper can indeed effectively relieve stress and regulate emotions.

He looked at the dumbfounded Miyuki and said with a smile, "Ms. Sakurada, if you are acting, you have to do it thoroughly. If it's not real enough, how can he believe it?"

"People in the financial industry are generally hot-tempered, especially those in high positions."

If Zhao Changpeng, the founder of Binance, were placed in ancient times, he would be a local lord, and the hot money he plays is a bandit leader with slightly greater power.

A bandit who challenges the royal power is a disgrace to the royal power.

Given the current market conditions, if Zhao Changpeng wanted him dead, he would definitely agree to lend him the shares.

This is also called provocation.

"Sou Ga~"

Miyuki nodded as if she understood, and suddenly said, "But my husband is really gentle."

"Mr. Lu? Wenrou?" Sun Yutao was stunned. He suddenly felt his mouth a little dry and didn't want to express his opinion.

Tokyo time, 7:45 pm.

After half an hour of tug of war, all the shorts were completely wiped out by the bulls.

Bitcoin broke through the $20300 mark in one fell swoop, and once soared to $ during the session.

The tapping of the keyboard and the clicking of the mouse are like the black and white keys of a piano, playing a beautiful melody.

“The bulls are fierce.”

Wen Chao sighed for a long time, not knowing how many times he had sighed in the past few months. The remaining 55 billion short-selling chips they had just had only slightly hindered the upward trend.

This market is so crazy that he even starts to doubt what kind of news could affect this wave of rising prices.

"How much money did we spend on the purchase just now?" Lu Liang asked. There was not much time left for them now.

Wen Chao immediately did the statistics and found out that he had spent a total of US$5.6 million to buy 2.8 bitcoins.

"Continue to sell, but try not to affect the market. Wait for my notice."

At the same time, Lu Liang received a call from Sun Yutao.

After learning about the situation over there, the corners of his mouth turned up and he revealed a sly smile: "As for you, just sell it directly and then watch the market performance quietly."

Old Sun still has some stuff. He was able to get so many chips from Zhao Changpeng, which probably emptied Binance's assets.

This time, Binance will be seriously damaged if it doesn’t die.

Lu Liang returned to his post and looked at the lower right corner of the screen. The time had come to eight o'clock in the evening.

Refresh the webpage, the screen no longer shows loading, a dynamic picture appears, and a melody that I have heard since childhood sounds.

In the first ten minutes, just like in the past, the leaders went to the countryside to inspect and the people abroad were in dire straits.

But starting from the eleventh minute, the topic changed and it was no longer reporting on the domestic peace and prosperity as before.

Instead, it tells the story of joint operations in many places, which destroyed multiple pyramid schemes and exposed a list of 350 illegal Ponzi schemes.

One third of the list is various cryptocurrencies, such as Darkcoin, Treasurecoin, Great Wallcoin, Sharecoin, Litecoin, Dogecoin and so on.

Because Bitcoin started to rise, various copycat cryptocurrencies that were born were almost all labeled as pyramid schemes.

Lu Liang had no time to think. Just as the host was talking about the launch of the special operation, Bitcoin suddenly collapsed and fell below 20,000 US dollars.

Just like a free fall from a high altitude,
It fell below 19500, 19000 and 18500 successively without any follow-up.

In the blink of an eye, the decline reached -8%.

Hundreds of thousands of retail investors who were long on the market saw very encouraging account funds in the last second, and their positions were liquidated in the next second.

However, just as if the main force was eyeing the three melons and two dates in their pockets, when the decline reached -9.5%, the downward trend suddenly stopped.

19000…19500…20000…20500…

In a flash, a large amount of funds poured into the market, the negative line suddenly turned into a positive line, and gradually recovered its lost position and sprinted towards a historical high.

"No matter the cost, go for it."

Lu Liang narrowed his eyes and gave orders quickly.

This wave of rapid rise now should be the last attempt by those institutions to save themselves.

While the negative news has not yet spread widely, a violent surge is made to reduce the impact of the Dongda market on Bitcoin and to trick more retail investors who are unaware of the truth into entering the market to take over.

However, as Lu Liang's instructions were accurately transmitted to the ears of the traders, the chips that had just been bought in order to hit the 20,000-point mark also began to be sold at par.

20921 points, rising momentum,
It was abruptly curbed and the reversal situation reappeared.

These institutions take advantage of time differences and surprise attacks, and the actual funds invested are not that much.

Because they also know the importance of the Dongda market. Now that so many Ponzi schemes have been exposed, the direction is too obvious. It is just killing the chicken to scare the monkey and refuse to embrace Bitcoin.

So they dare not invest too much money.

When they saw that some people had started selling again, they stopped pretending and directly joined the selling camp, running away as much as they could.

Their profit is at least dozens of points. Even if the final profit is only 10%, it is better than no profit at all.

After all, it has increased tenfold in three months. Who knows how low it will fall in this correction? It would be considered good if it has $1 left.

I believe that many years later, there will still be many Bitcoin investors who remember what happened that night.

In just a few minutes, they first experienced a plunge, then a rebound, and now are plummeting again.

Some retail investors who were slow to react,

For the first time, I felt fortunate for my slow reaction.

Because some investors who are quick to react have seen their positions liquidated three times in a row, and they are beginning to doubt their lives.

However, their luck did not last long. As a large number of retail investors were liquidated, the number of delivery orders in the market increased.

The bulls, having come to their senses, have thrown themselves into the arms of the bears, attempting to recover some of their losses by shorting the market.

So, the mining disaster happened, and the stock price dropped 45% overnight. It is no longer an ancient legend and is about to happen again during the trading session.

(End of this chapter)