A record-breaking amount of money, an unprecedented change of hands.
Many participants who hold Bitcoin are a little anxious, but more of them are looking forward to it, because such a transaction volume is not considered to be possible by small traders, and in the eyes of many small traders, big funds should not be stupid.
Since I dare to take it at this position, it means that the price of Bitcoin at US$1,000 is far from the top.
Then the next day, Bitcoin's price trend collapsed despite the generally optimistic outlook among participants.
When Merrill Lynch's funds did not continue to take over, Bitcoin could not withstand the selling pressure, and the price plummeted all the way. It exploded from US$1,007.9 to the lowest price of US$646.40 that day, and the largest drop in the day reached -3.86%.
Nominal market value was wiped out by $7.6 billion.
However, when the price dropped to US$646, the trading team of Star Capital began to work. Merrill Lynch's funds entered the market to support the bottom. The price of Bitcoin also stopped falling and closed at US$77.0 that day, closing down -
7.8%.
Bitcoin crashed during the session today. Many participants were scared to death. Short sellers finally plucked up the courage to go short, dared to go short, and dared to increase their short positions.
In fact, the trading volume for the whole day today was only about 100 million US dollars. Although it is still a large amount, it is only 7.% compared to yesterday's terrifying volume.
Today the trading team is conducting a stress test at this price to see how much real selling pressure the market has.
Judging from the current results, it is still very easy to collapse.
However, it is easy to collapse but also easy to take over, because now more than 70% of the chips are concentrated. Fang Hong himself secretly held 310,000, the trading team still has 600,000 untouched, and Merrill Lynch took over 300,000.
Many of the remaining 30% of circulating chips are in a "sleeping" state. To put it bluntly, some people have Bitcoin, but they don't know where it has gone.
That means that there are not many chips in the circulation market, and only a few chips are exchanged among the participants who follow the trend and speculate.
After the sharp drop, Bitcoin began to recover the next day, with the price reaching $830.71, a 14.3% increase that day.
In the next three days, Bitcoin experienced continuous rises in wide fluctuations. On that day, the amplitude and increase were respectively up 0.3% and 16.43%, up 4.0% and 1.40%, and up 11.39% and 16.43% respectively.
, the latest price trend of Bitcoin rushed to the price of 969.3 US dollars on August 16, which is likely to reach a new high.
One positive has changed three views, and four consecutive positives have once again approached the $1,000 mark, making bulls convinced that the historical high of $109.96 will be broken sooner or later. The cost price of large funds is around $1,000, so how can it be the top?
Absolutely impossible!
The previous price of US$30.6 was thought to be the top of the universe, but now it is a proper bottom. The last US dollar price was thought to be the top of the universe, but now looking back, it has been pressed to the floor.
Therefore, the price of US$1,000 is definitely not the top. The cost price of big funds is here. Big funds will leave if they don’t make money? Are big funds just good people who come to give money to the market?
Obviously it's impossible, just do it and it's over. The target price is $000.
The current currency circle is all bullish, super bullish, and all kinds of hype, including about decentralization, constant total amount, definition of safe-haven assets, and so on...
As for the media and some people in the investment circle who questioned the manipulation of Qunxing Capital, no one cared about it. After all, the price did not collapse.
The high price of Bitcoin has also promoted the continued rise of the mining boom. Many people are very excited to see the sudden wealth in the encrypted digital currency market, but they have no chips and are unwilling to chase the high price.
what to do?
Of course it’s mining!
Mining one Bitcoin is close to $1,000.
It is worth mentioning that during this period, after the Big A fell below the 00-point mark, it experienced a retaliatory rebound for four consecutive days, and the index also regained the 600-point mark.
The strength of the rebound can be said to be very strong, but no matter how strong it is, it is just a rebound, not a reversal. After the rebound is over, it will still fall, and it will continue to fall to new lows.
…
Meditation Villa.
In the afternoon, Tian Jiayi came back from the company and brought back Qunxing Capital's first half financial report.
At this moment, she is reporting to Fang Hong: "The company's revenue in the first half of this year was 43.68 billion yuan, a year-on-year increase of 1.4%; the net profit was 134.13 billion yuan, a year-on-year increase of 6.49%, and the net profit rate was 31%."
Tian Jiayi paused for a moment and looked at Fang Hong, who was browsing the financial statements, and added: "As of June 30 this year, the company's closing net assets were 197.787 billion yuan, a year-on-year increase of 1.18%; total assets were 31.46 billion yuan, a year-on-year increase of 1.77%, and debt
The scale is 3.636 billion yuan, a year-on-year increase of 49.63%, but the company’s debt ratio is 1.74%, and the liquid cash is 73.48 billion yuan, a year-on-year increase of 0.03% and a month-on-month increase of .39%.”
Fang Hong browsed the material report and said to himself: "In half a year, the cash reserve has increased by more than 110 billion. It seems that more and more money is being spent, and there is simply no way to spend it all..."
The beautiful assistant didn't feel anything after hearing this. She always felt like she deserved a beating when she heard him say this before. In the past six months, the global economic recession has made everyone's life difficult. Saying this is simply full of hatred.
Rhythm.
Star Capital is not affected by the economic recession at all. After all, when the market is not good, there are also bad investment methods, which are nothing more than short selling.
More than 8% of the company's profits this year come from overseas markets, and half of the profits are gained through short selling. In the second half of the year, short selling profits will undoubtedly expand further.
As for Big A, although it also made considerable profits, in Stars Capital's statements, it was only a relatively small number, accounting for less than 0%.
Although Big A has fallen miserably and is the bear champion in the world, the few stock index futures that can be shorted are not large. Fang Hong has no intention of letting Qunxing Capital short the A-share market, and its positioning is also very clear. In the Big A-share market
They will play a long role, at most closing their positions and evacuating them, and will not take the initiative to open short stock index futures, even if the scale of stock index futures expands in the future.
You can’t let you cut off all the money in the market.
And you need to know something. The four major banks have refinancing plans to expand the bank's capital adequacy ratio. Star Capital has also prepared a scale of 100 billion for subscription.
Fang Hong put down the materials and immediately looked at Tian Jiayi and asked, "By the way, how is the situation with the Education Bursary Fund?"
More than three months have passed since the application for quotas was opened. The time window for applying for the first batch of quotas has also passed. Applications have now been stopped, and then a random drawing will be conducted to confirm the final quota.
There is currently a lot of attention on this matter online.
After a moment, Tian Jiayi said in an orderly manner: "The final lottery will be held the day after tomorrow, and all work has been prepared. According to the data from the student aid fund, the number of applicants this time has reached more than 1.78 million, far exceeding expectations. According to the application
Judging from the quota information, it is mainly from the central and western regions, with more than 130,000 names, accounting for more than 7%."
