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Topic: Over 6 Million USD Leveraged Long Trades onpened on BFX today! (Read 523 times)

hero member
Activity: 840
Merit: 1000
Calm down CatTheMat.

$448 push was 2-3k short closing and this swap thing is a play some whale is doing, he is just moving USD collateral out of trading wallet (borrowing swap again) and back (returning swap).

oh right...I thought the chart was active margin longs.....
legendary
Activity: 1008
Merit: 1003
WePower.red
Calm down CatTheMat.

$448 push was 2-3k short closing and this swap thing is a play some whale is doing, he is just moving USD collateral out of trading wallet (borrowing swap again) and back (returning swap).
full member
Activity: 158
Merit: 100
For every buyer, there's a seller.
hero member
Activity: 840
Merit: 1000
https://bfxdata.com/swaphistory/usd

That will be reponsible for the 4000 BTC purchase which caused spot to spike from $440 to $450, within the space of a 1 minute candle.

Either someone somewhere knows something that we don't, or there is gonna be a whole lot of panic selling pressure coming into this market as it pushes further down, which it looks likely to do.

This aint 4K Solid BTC....this is fucking debt, with daily interest to pay and a total wipe out level sitting somewhere down below......urgghhhhh...
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