Merrill Lynch has a huge amount of funds of US$8 billion, which is no joke. At the price of Bitcoin, you can't use that much money at all.
Although the current nominal market value of Bitcoin is US$22.2 billion, which is not small, it is actually not that big, and half of the Bitcoins have not yet been mined.
This means that half of the nominal market value of more than 20 billion US dollars can be understood as "forbidden stocks." That's why it is said to be a nominal market value. The actual circulation is only about half, which is more than 10 billion US dollars.
Among the 10 billion U.S. dollars, Fang Hong hoarded 3.15 million Bitcoins, corresponding to more than 3.1 billion U.S. dollars, which was not included in the selling pressure, so the circulation dropped to about 7 billion U.S. dollars, and among the Bitcoins dug out
There are many that have been forgotten, passwords have been forgotten, and there are a lot less.
Otherwise, Fang Hong would not be able to control the market at a high level.
Generally speaking, even if Bitcoin rises to the US$1,000 mark, the actual circulation value is far lower than Merrill Lynch's US$8 billion. It would be surprising if the market's acceptance is not strong. As for the transaction volume exceeding US$15 billion, it is normal.
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Because Bitcoin is T+0, every change of hands is a transaction, and N changes of hands are N transactions, and it is a non-stop transaction 24 hours a day.
People participating in the current price cannot hold it, and they are greedy and fearful at the same time. Under the T+0 trading mechanism, many people intervene if there is floating profit and quickly sell to stop the profit. If there is floating loss, they quickly cut off the meat to stop the loss. The trading volume will be reduced.
It came up like this.
At this moment, the price of Bitcoin is fluctuating in the price range of US$1,000 to US$1,050, fluctuating up and down by about 5 percentage points.
There are many ultra-short-term participants who engage in high-frequency trading in this price range for arbitrage.
As time went by, Merrill Lynch’s funds were handed over to Stellar Capital Management, and now it is frantically taking over Bitcoin’s price above $1,000 per coin.
Fang Hong launched three major upward trends in the price of Bitcoin from US$0.6 four months ago, pushing the price to the current historical high of US$1,059.96. During this period, he held more and more chips.
As of today when Merrill Lynch started taking orders, the trading team has collected as many as 4.1 million Bitcoins. In addition, Fang Hong himself had hoarded 3.15 million Bitcoins early, and the total reached 7.25 million.
In other words, the circulation of Bitcoin is already very small, because the total number is only 21 million, and nearly half of the Bitcoins have not yet been mined, so the market can be highly controlled.
Under normal circumstances, it is almost impossible to ship goods, and no one will take the order.
But this is not a normal situation. This is called directional harvesting.
Merrill Lynch's capital account received 3.5 million Bitcoins today, which means it received about 3.5 billion U.S. dollars, and the remaining part was used directly to create a top pattern.
…
As time goes by, the Eastern Hemisphere enters daylight, and Big A also opens as scheduled.
Affected by last night's plunge in the external market, A-shares experienced another sharp selloff today after Monday's plunge. During the bidding stage, the market index opened sharply at 2468.03 points and opened as low as -2.33%, setting a new low for the year.
After the market opened, it also opened low and moved low. Within fifteen minutes, the index fell to 2437.68 points, a drop of more than 3.5 percentage points.
But then it began to fluctuate higher, and the market fell by more than 7 percentage points in two days. It was indeed a brutal sell-off.
It was already seriously oversold yesterday, so it is a good thing to open lower again today. If it opens flat, it will definitely continue to decline. After opening sharply lower and quickly selling lower, it also ushered in a retaliatory rebound during the session, not only regaining 2,500 points.
At the pass, it turned red and rose in the afternoon.
The market will be repaired within the day, and those who cut meat in the early trading will be so angry that they will shut down.
As of the close, the market index fell slightly by -0.03% to close at 2526.07 points, which was just shy of a gain.
…
Afternoon, Star Capital.
In the trading room where the Bitcoin trading team is located.
The person in charge of trading entered the trading room, gathered team number 30 together and said: "Brothers, the benefits are here. Vice President Tian just called me. All 31 members of our team will share 100 million."
The bonus package is 10 million for me and 3 million for you, which will be distributed directly this month."
As soon as these words came out, the thirty or so people present cheered.
And the person in charge said: "And it's in U.S. dollars, after tax."
When they heard that the bonus was US dollars, 300 US dollars after tax, which is almost 20 million yuan, the 30th person present suddenly stood up in excitement and cheered again.
One of the traders couldn't help but sigh: "I have gained wealth within less than a year after joining the job..."
At this time, the person in charge turned to emphasize: "However, the ugly words are ahead. Not a word of our work can be leaked, not even your wife can mention it, otherwise you will be responsible for the consequences. Which one is more important?
I know it in my heart."
The team members present nodded their heads when they heard this. They are all smart people and know very well that to put it bluntly, this 20 million bonus is in a sense hush money.
They all know what they did, they cut Merrill Lynch's leeks!
It is a financial institution that is one of the top five investment banks in the world. It is also at the top of the food chain on Wall Street. When people send money to you and entrust you with asset management plans, you just cut it down with your backhand, without any ambiguity.
One word: ruthless!
One word: Dare!
One word: cow!
They are also curious about how it will end then.
However, the thirty-odd people present also had an indifferent mentality. As long as they didn't gossip and get into trouble, even if something went wrong, it would be the company's business and it had nothing to do with them. There are people above who are responsible for big things.
After all, their vision is not as high as Fang Hong's. Until now, they all thought Merrill Lynch was the victim, and had no idea that the $8 billion was sugar-coated shells.
…
Meditation Villa.
Tian Jiayi came back from the company and reported to Fang Hong the harvest of Bitcoin.
At this moment, she is reporting in the study room on the second floor: "Merrill Lynch's funds have taken over US$3.5 billion. Excluding the capital cost of operation, the net income of your personal account is US$2.435 billion. Counting the 600,000 Bitcoins in your hand,
According to the current market price, there is still about US$600 million here.”
In other words, the profit is about 3 billion U.S. dollars. The other 600,000 Bitcoins worth 600 million U.S. dollars have not been realized yet, and whatever is realized is profit. The cost has been fully recovered, and the profit has exceeded 2.4 billion U.S. dollars.
.
Tian Jiayi put down the materials in his hand, looked at Fang Hong and said with doubts and curiosity: "I thought you were planning to sell off the 3.15 million Bitcoins. Since those chips don't move, Merrill Lynch's funds are still there."
8 billion US dollars, I think we can raise the price of Bitcoin to US$2,000, and Merrill Lynch’s funds have just taken over all of it, and the price is even higher.”
She thought Fang Hong was planning to give the 3.15 million to Merrill Lynch. In that case, more than 7 million Bitcoins would be taken over by Merrill Lynch at a price of US$1,000, which would be almost the US$8 billion that Merrill Lynch had just given.
All the funds have been cut off.
Hearing this, Fang Hong said with a smile: "You can't go to extremes in everything, it would be too obvious."
Tian Jiayi immediately asked, "Isn't it obvious now?"
…
(Ps: There was something wrong with my computer and I couldn’t log in, so the update was delayed)
