A new batch of bargain-hunting warriors had just entered the market, and then with a bang, the price of Bitcoin dropped to $33.5. Compared with the highest point of the day, the decline expanded to -35.57%, and compared with the opening price, it fell directly to -6.68%.
water level.
The warriors who bought the bottom became martyrs again.
Previously, it had increased by more than 44 percentage points, but now it has declined.
Then there was another "pop", and the price of Bitcoin fell to the price of 28.2 US dollars. Compared with the highest point of the day, the decline expanded to -45.76%, and compared with the opening price, it had already dropped by -21.49%.
In other words, if you buy at the highest point for 100,000 yuan, you have already lost 45,700 yuan. If you buy at the opening price and there is no move, the floating profit of more than 44,000 yuan will directly turn into a floating loss of more than 21,400 yuan.
After another two seconds, the price of Bitcoin fell to the price of 25 US dollars. It had dropped more than 51 percentage points from the highest point of the day and passed the halfway line. It also plummeted by more than 30 percentage points compared with the opening price.
After falling from the highest point of the day, the entire market sentiment of Bitcoin turned bearish.
At this moment, the funds in the previous wave of bargain hunting were frantically cutting their flesh in panic, turning from long to short in seconds. At the same time, the new bull warriors who were bargain hunting took over. After the price continued to explode, they were so frightened that they hurriedly cut their flesh and turned around.
For a short position.
The current situation is like this repeated cycle, buying the bottom, cutting the meat, the next batch of bottom buying, cutting the meat, and the next batch of bottom buying, and then cutting the meat...
Gradually, after several rounds of trading, no one dared to buy the bottom.
There was no takeover at the moment, and the price of Bitcoin plummeted.
What is going on at this time is an extremely tragic multi-kill situation. Fang Hong’s trading team does not need to take the initiative to smash the market. The other funds inside are killing each other.
The price of Bitcoin has plummeted from the highest point: 20 US dollars, 16 US dollars, 11 US dollars, 6 US dollars, 4 US dollars...
When the price fell to $4, Bitcoin's decline from the highest point of the day expanded to -92.3%, and its decline from the opening price was -88.85%.
…
The currency circle immediately exploded into a certain currency circle exchange group.
[Hemorrhagic collapse, simply the ultimate hemorrhagic collapse!]
[I was afraid, but luckily I didn’t reach out. This horse-riding killer was really cruel!]
[The price went away at 48 US dollars, and I made a profit of more than ten points from the heavy position. Damn it, do you want it to be so exciting? I was so frightened that I was scared to death. Fortunately, I ran away.]
[This trend can make the heart and lungs stop.]
[Licking the edge of the knife, I ask you whether it is irritating or not...]
[Family members, I am gone. I am already a corpse now. The cost price of $66 is no different from zero.]
[Huh? No, what's the situation? The highest price is 52 US dollars, how do you change it to 66 US dollars?]
[In this case, most of the time it’s an inverted T, and the cost gets higher and higher... (laughing and crying.jpg)]
[I calculated, from 66 US dollars to 4 US dollars now, the loss is -93.93%... Well, it is really no different from zero.]
[So miserable...]
[It’s really like driving a BMW in and leaving only a steering wheel.]
[Did you cut it?]
[How many cuts are there, what’s the point of cutting here? I learned from the past, it’s already a corpse, don’t disturb it, it’s only eighteen years old, the cause of death is Stud.]
[Ahhhhhhh... vomiting blood!! I went from 52 U.S. dollars to 4 U.S. dollars in Lapaixiang. I bought it eight days ago for 6 U.S. dollars and got 100 dollars in eight days.
Ten thousand, a cut of US$4.8, from a profit of more than 7.6 times to a loss of 20 points, I can’t feel relieved after a year!]
[Why not make a profit?]
[Who knows how to kill someone so cruelly when riding a horse? It hurts so much and I regret so much. It really made me cry to death. Poof (vomiting blood.jpg)...]
…
At the same time, Fang Hong looked at the price trend of Bitcoin. It has now reached a price of 3.6 US dollars. The amplitude of the whole day has reached a terrifying 134.82%. Compared with the highest point, the cumulative decline has reached a level of -93.07%.
It also plummeted 89.97% compared to the opening price.
If you hold long chips, the cost price is the opening price. If you want to recover your capital, you need to increase by +897.22% from 3.6 yuan. If you want to return to the highest point of US$52, you need to increase by +1344.44% to recover your capital.
At this time, Fang Hong told the trader responsible for trading Bitcoin on the phone that was still on the line: "Okay, pull it up, quickly pull it up to 30 US dollars, and then quickly drop it down."
A surprised voice came from the other side of the phone: "Boss, are you...are you sure? Today's trading volume may exceed 50 million US dollars, and we may lose several million additional dollars."
Fang Hong suddenly said: "How many millions do I lack?"
Upon hearing this, the trader immediately responded: "Understood!"
While the phone was still on, Fang Hong once again looked at the time-sharing trend of Bitcoin prices. After a while, about ten seconds, the price of Bitcoin suddenly started to surge straight up from the price of 3.6 US dollars, like onions on dry land, soaring upwards.
$6, $8, $16, $20, $27, $30...
In just 80 seconds, the price of Bitcoin rose from US$3.6 to US$30. This violent rebound reached +733%. If someone bought the price of US$3.6 at the bottom, the price would rise in less than a minute and a half.
seven times.
At the same time, the guy who bought it at $6 eight days ago and didn’t sell it at $52, but ended up losing 20 points at $4.8, watched helplessly as the price of Bitcoin skyrocketed to $30.
7 times more.
"What the hell! I just cut my flesh with 4.8 knives, and you're going crazy like this? Just a few of my steel drills? Is your horse riding a lunatic? It's a grass-mud Malaga..." He said on the spot
Breathing out the fragrance, his blood pressure skyrocketed. Bitcoin's skyrocketing time-sharing line seemed to be a reflection of his blood pressure skyrocketing.
I was really going to faint from anger.
Looking at the time line, this guy only felt a sense of deep malice.
pain!
It hurts so much!
It really hurts!
At the same time, the price of Bitcoin stayed at $30 for less than three seconds, and the time-sharing line turned around again and continued to leak.
In just two minutes, the price plummeted from 30 US dollars to 5 US dollars. During this period, the price dropped to -83%. Among the people involved in the operation, some made profits and some lost. It is now a zero-sum game.
Every profit one person makes is another person's cut of flesh.
The wealth has not disappeared, it has just been transferred, from one person's pocket to that person's pocket.
Next, after Bitcoin fell to the price of 5 US dollars, it did not rise or fall sharply for several hours. Of course, this is also compared to the previous terrifying amplitude of 134%.
In fact, the fluctuations are around 4 to 6 US dollars, and the amplitude has reached about 50%. The price fluctuations here are still quite violent.
Fang Hong had already hung up the phone. Before hanging up, he had already given instructions to the trader about the following trend and where today's closing price would be, including the trend in the next few days.
As time went by, the price of Bitcoin finally rose again, starting from the price of 4 US dollars and closing at 27.5 US dollars. The increase during this period reached +587.5%. Finally, today's closing price closed at 27.5 US dollars -
23.40%.
The daily K-line that Bitcoin came out today is mind-numbing to watch. The negative line's real body fell by -23.40%, which is already a huge drop. The most exaggerated thing is that the length of the two upper and lower shadow lines is much longer than the negative line's real body.
, adding up to an amplitude of more than 134%.
This is the largest intraday amplitude fluctuation in the history of Bitcoin. Players in the currency circle thought that the amplitude fluctuation of the big negative line that K hit out a few months ago would never be surpassed. Unexpectedly, it was still too young.
Compared with today's K-line, it pales into insignificance.
