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How can he then explain the Total sum of active swaps (USD)? 5 days ago it was 31mil$ now is 21mil$?
Some people may not have been wiped out... they might have pulled out seeing the storm coming. Simple evac.
Topic: Josh from bitfinex explains the "manipulation" drop to $451 - page 2. (Read 2452 times)
Some people may not have been wiped out... they might have pulled out seeing the storm coming. Simple evac.
Josh Rossi from bitfinex on the "manipulation" that resulted in the drop to $451. The failed attempt at a long squeeze.
"Some people have questioned the validity of margin, and we want to definitively put those baseless claims to rest. This was not the result of margin calls, stop orders, forced liquidations or any other type of leverage. We had approximately 650 bitcoins sold as the result of margin calls, out of a total amount of sales during this time of around 9000 coins. That is roughly 7%. Hardly, the cause of the drop in price."
http://www.reddit.com/r/BitcoinMarkets/comments/2dohjg/im_josh_rossi_from_bitfinex_here_to_talk_about/
"Some people have questioned the validity of margin, and we want to definitively put those baseless claims to rest. This was not the result of margin calls, stop orders, forced liquidations or any other type of leverage. We had approximately 650 bitcoins sold as the result of margin calls, out of a total amount of sales during this time of around 9000 coins. That is roughly 7%. Hardly, the cause of the drop in price."
http://www.reddit.com/r/BitcoinMarkets/comments/2dohjg/im_josh_rossi_from_bitfinex_here_to_talk_about/
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