Chapter 219: Get out of here, all empty orders!

Chapter 219: Get out of here, all empty orders!

The long-to-short turn itself is also easy to understand, but this time it is special.

Under normal circumstances, a long order is sold and a short order is reopened, which are two transactions.

But now their multiple contracts are restricted, and they can only modify the contract directly, which is equivalent to making two transactions into one.

It all depends on whether Morgan agrees or not.

Li Yuan didn't believe they would refuse.

If a one-ten-thousandth record appears and they refuse, then they will find an opportunity to clear out the chips in Chen Jie's account and run away.

The price of Bitcoin has stabilized, just around $31,000. At this position, the dealers are slowly releasing their chips.

There are many people behind them, and the data has been carefully calculated. It is most appropriate to release some chips at this position.

Because the price fluctuates around this, people who buy have no urge to sell, which can help them lock in some chips.

And because it has dropped several thousand dollars from the highest point, short orders are not dared to be opened at this position.

The overall atmosphere is quite strong.

Li Yuan not only bought, but also used five times leverage to buy.

In fact, with his funds, there is no need for such high leverage, because he cannot buy too much.

With a target of US$10 billion, it is unlikely to exceed US$20 billion.

Not to mention the lack of time, if they bought so much, people like Morgan would smile crookedly.

The purpose of using leverage is to reserve some funds. The purpose of taking the chips is just to leave half a hole card for yourself.

More than 10 billion US dollars in chips are not the main force this time.

As Yao Yingsong conveyed Li Yuan's intention, the National Fund was the first to be shocked.

Li Yuan wants to fight with Morgan?

According to Li Yuan, he was betting that Morgan wouldn't dare to spend money to get in.

"According to the price set by Li Yuandong, Morgan will have to spend a lot of money. We have at least 16 billion US dollars here, and Morgan will have to put 32 billion US dollars in our account."

"Li Yuan is betting that Morgan will continue to raise the price of Bitcoin after it is unable to spend more than 30 billion US dollars. If he wants to clear the more than 30 billion US dollars, he must at least raise the price of Bitcoin to 50,000 taels. Fifteen hundred dollars.”

For the bookmaker behind it, the biggest difficulty every time it pulls up is to fill it with funds.

To increase the market value of US$10 billion, at least US$2 billion must be filled in, otherwise it will not be able to sustain it.

Although the bubble is getting bigger and bigger, the reality is that more and more money is spent.

From the beginning, Bitcoin’s market value of more than 100 billion US dollars can be achieved by 30 to 50 billion US dollars.

The current market value of Bitcoin exceeds 400 billion, and the scale of funds in it has exceeded 100 billion.

If the price of Bitcoin is raised to more than 50,000 US dollars, the market value will exceed 700 billion.

This is a terrifying market value that cannot be controlled by one or two institutions.

The data involved is also more complex.

"Is there a possibility that Li Yuan is retreating in order to advance? After taking the short order, Morgan will not pull out the network cable, and he can trade. Unless Morgan pulls him out in a short period of time, otherwise Li Yuan will be completely You can come out, but at most you will lose a little money. No matter what, it is better than being restricted before."

This sentence caused everyone to think.

As long as there are no restrictions, with Li Yuan's ability, it shouldn't be a problem to spend billions of dollars.

Someone's eyes lit up, "This is a good move!"

Being able to get back billions of dollars already makes them very satisfied. They never thought that they could do this before.

The main reason is that the judgment of the situation is unclear.

"Then let's do it?"

"But what if Morgan pushes the price of Bitcoin to $60,000? Or higher? Those short orders..."

A basin of cold water was poured down.

If that happens, they will still owe tens of billions of dollars.

"So Li Yuan still has to take a lot of risks this time. Who knows when the price of Bitcoin will rise?"

"But since he said it, he should have considered this. And now that Li Yuan is actively helping us, we have no reason to refuse. If it really causes greater losses... maybe it will be a good thing, Li Yuan will feel I'm sorry, please cooperate with us for a few more issues..."

Sure enough, after thinking about the problem from a different angle, everyone suddenly became enlightened.

No matter what, this is a good thing.

So, the matter was settled.

Li Yuan did not receive the message from Yao Yingsong until after four o'clock in the afternoon, and by this time the price of Bitcoin had begun to rise slowly.

At about eight o'clock in the evening, Bitcoin once again reached a high of $35,000. At the same time, Morgan made contract changes.

32 billion US dollars went directly into Qingtian Capital's account, but this money was restricted and could only be used to repay short contracts. After the contracts were repaid, whatever money was left was their profit.

So, the lower the price of Bitcoin, the lower the value of their contracts, and the more money they have left over after repayment.

This contract was not shown on the market, but the dealer actually took out the money.

People at Qingtian Capital can't sleep.

People at the big national funds can’t sleep.

Bitcoin dealers can’t sleep.

Li Yuan's contract conversion directly brought the battlefield atmosphere to the highest point.

The dealer did not allow Li Yuan and the others to run away at this position, so they could only pull up.

At the same time, as the price of Bitcoin rises, more short orders will pour in from the sidelines, and they will face great challenges.

But they have to eat Li Yuan's money. As long as they liquidate their positions, these 32 billion US dollars will become their high-level takeover, allowing them to leave with huge profits.

It is really stressful for them to get more than 50,000 US dollars.

Including Li Yuan's more than 30 billion, they have invested hundreds of billions of dollars in Bitcoin, which is too much money.

Next, the control of the disk will be stricter.

They also knew that a few hours ago, more than 10 billion chips were traded, and that the chips were long orders at this time.

If that amount of money doesn’t destroy the market, they have a high chance of pulling it up, and it won’t cost them much money.

Even if there are overwhelming empty orders, they are not afraid.

The more short orders you have, the more you make.

They are most afraid of multiple orders destroying the market at the critical moment.

But facing Qingtian Capital’s $16 billion in profits, they had no choice.

This is the largest short position. As long as the price rises by fifty points, the US$16 billion can be earned.

And even if it rises fifty points, the profit earned from that long order is not as high as theirs.

Not to mention that more short orders will be generated in the process of rising.

Overall, success or failure lies in this.

Bitcoin has skyrocketed for three consecutive days, which has caused a big stir around the world. At least tens of millions of people are watching, and the number of people participating will also increase by an order of magnitude.

This is their last chance. If they fail to seize this opportunity, it will be difficult for the entire Bitcoin market and no one will be able to control the market.

If anyone controls the market, Bitcoin will die.

They must make enough money today and then bring down the price of Bitcoin.

As long as the cost can be recovered, the price can then be lowered, and other large funds can enter the market, then it doesn't matter if you don't make money this time. Anyway, you still have chips in hand, and you can just get the profits back later.

Their plan is complete enough.

After defeating Li Yuan, one-third of the chips will be released immediately.

Then he started to smash the market himself, and then sold out one-third of the chips, and finally kept one-third.

It is not difficult to recover the cost of two-thirds of the chips. It has been calculated through the big data model and there will be no problem.

Anyway, the contract is over there and it can’t be escaped.

They have a clear grasp of the empty orders in the market.

Li Yuan's position was liquidated, and other contracts would also be liquidated. The liquidation funds were at least 70 billion US dollars.

They only need to work hard in the early stage, and the accounts that have been liquidated in the middle and later stages will be forced to buy, without them needing to spend any more money.

The whole thing is divided into four steps.

The first step is to raise the price to $37,000, absorb short orders, and get ready to go.

The second step is to directly raise the price to 50,000 US dollars, without giving short orders a chance, and blow them up instantly. At this time, the short-selling channels on the small platforms they control are closed and other short-selling orders are prohibited from entering.

The third step is to wait for those short orders to trigger forced liquidation, then raise the price to $53,000, which will blow up Qingtian Capital.

The fourth step is to start shipping at this position and receive funds from Qingtian Capital.

They did not think about continuing to pull and causing Qingtian Capital to lose more money.

It’s not that they don’t want to, it’s that they can’t do it.

At twelve o'clock at night in China, the first step was carried out in an orderly manner, and the empty orders were slowly increasing.

At two o'clock in the morning in China, the number of short orders absorbed exceeded US$6 billion, while the number of short orders reduced was less than US$1 billion. The first step has been completed.

Starting the second step, multiple platforms worked together to pull up the price instantly at two o'clock in the morning, using nearly 10 billion U.S. dollars of funds to directly push the price to 50,000 U.S. dollars in an extreme period of time.

Back and forth, it took a total of thirty-six seconds.

During these thirty-six seconds, many platforms were completely unable to place orders, and the ordering channels were blocked.

By the time they reacted, it was already too late.

All short orders were exploded, triggering liquidation.

Scattered long sales cannot prevent the system operation after the positions are closed, and the price of Bitcoin continues to rise.

However, at this time, the rising price was suddenly suppressed by a large amount of short orders.

They have thought that the higher the price, the more short orders will be.

But I never thought that someone would place so many short orders.

They have shut down the "short orders" on those small platforms. The purpose is to prevent people from crazy opening short orders at high positions.

However, Morgan's platforms did not dare to open the door openly. At most, they restricted individual accounts.

After all, once they also close the door, the loss of credibility will be too great.

However, through its own platform, more than 40 billion US dollars of short orders were forced out, and the liquidated funds were forcibly collected.

It was their turn to harvest the money.

At this time, the third step was only halfway through, and it was suddenly suppressed.

They have no choice but to invest close to 20 billion US dollars again and eat this sum.

Then continue to pull up.

Through the contract, they learned that the other party was five times leveraged.

In other words, another twenty points increase...

You know, as a platform, they have to provide contracts themselves, so they can't use leverage on the chips.

After all, if someone wants to buy 5 billion, you can't give him 5 billion leveraged chips, right?

That's double leverage, and it explodes all of a sudden.

If you want to raise another twenty points, it's either impossible or the financial pressure is too great.

At the same time, a more dangerous situation emerged. Many large funds discovered that there were still people who could open short contracts, and they all poured into large platforms.

They gradually became overwhelmed.

The price of Bitcoin once fell below $50,000.

At this time, they have only one way, and that is to close Morgan's short selling channel.

It's just that... too many of the short orders that poured in during this period were Western funds, and they didn't dare to impose restrictions.

Unlike before, when they dared to engage in Qingtian Capital, they knew that Qingtian Capital would suffer losses and no one would speak for them.

Closing the short selling channel is already the limit.

The loss of reputation is inevitable, so you must protect your funds first.

As long as those short orders are not restricted, the reputation lost at this time can be restored later.

They are a world-class conglomerate. They did not close the channel at the beginning because of reputation considerations.

As a result, some problems still occurred.

This step is at best a remedial step.

Ever since the $40 billion in short orders came out, the entire plan has deviated significantly.

Analysts began to nervously calculate how much money would be needed to push the price above $60,000 when the short order channel was closed.

The calculation results are out, it only requires less than 20 billion US dollars.

But this result definitely comes with a price.

The price is that the number of chips in their hands will exceed 110%...

Nearly half of the chips were short orders...

Originally they had about 50% of the chips in their hands, and they had been absorbing the chips during the promotion stage. At the same time, they took the chips in their hands to the platform to open contracts, and the short contracts they opened were eaten by them.

Almost 50% of the chips are empty.

They nominally own 110% of the chips.

To put it simply, there are ten apples on the market, they buy five, then lend these five out as a contract, and then buy another one. After raising the price of apples, they let those who bought their apples sell them. If you drop it, they will buy it again.

In this way, there will be four apples on the market that no one is buying or selling. They have six apples in their hands, plus the five others owe, there are eleven apples.

The remaining four apples, placed in Bitcoin, are dead links.

Because according to the survey, the size of Bitcoin’s dead chain accounts for 38% of the current market volume. This data was calculated before they participated, that is, four months ago.

If placed in the stock market, those four apples are equivalent to restricted stocks, which do not participate in market circulation and have no value in themselves.

They just want to sell all the apples in their hands, and in the end the apples returned by others will be kept in their hands as profits.

But the current situation is that the number of apples in hand exceeds expectations, and it is difficult to sell them all.

Not only that, but people are now borrowing apples.

The more apples you lend, the more apples you will end up with.

From the beginning I longed for short orders, to now I want all those short orders to get out...