Short swap interest up to 0.065%
Not long until it reaches the long swap rate.
That isn't that bad especially if coins are returned quickly. Why is the rate rising? |
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Short swap interest up to 0.065%
Not long until it reaches the long swap rate.
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If it's genuine, sure, it's bullish
After yesterday's events on BTC-e I can honestly say I have no idea what is genuine or not at the moment.
Could both events be linked? And both an attempt to trigger a short squeeze without spending too much money?
Too cynical? Or just wary?!
Either way, about the only things the bears have in their favour at the moment is that the squeeze has not triggered ... yet. If it does ... BOOM !!
If it's a co-ordinated pump there is certainly serious intent behind it.
Interesting coincidence that the buying was on the most illiquid platform, seemingly designed for maximum impact/uncertainty, and this bid is in what will likely be an illiquid instrument, that is *possibly* not tradeable at the moment ... hmmmm ... Bitcoin!!
Literally the only thing bears have going for them is the 'line on a chart points down'. If 160 was the bottom then there will be some very surprised shorters in the next few weeks  |
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If you cannot see what suddenly allowing the vast sea of investment capital (multi trillion dollar pool) access to btc could potentially do to the price then I can't help you. Just fifty million USD would smash the price into the stratosphere.
Big picture remains that bitcoin is an excellent assymetric financial bet to speculate upon. Why do you think all the trolls and bears are really here?
Good point that a paper BTC derivitave (like GBTC and COIN) will attract a small but significant sum of money from investors who want to hedge against recessions and market/currency/economic crises. It's yet another tool for portfolio management. This fact alone puts it on the radar for Wall Street, who make money selling these investment instruments to the public. They have undoubtedly "helped" the bear market due to the fact that there are so many green traders who are easy to shake out. Think about this: Hedge funds aren't allowed to buy bull markets--in fact this is a great way to lose your job of you work for one--instead they buy down markets. When they buy, they buy low and they make sure to not mark the price up. Why would they make you rich at their expense? If the $200 level holds it's good evidence that these prices are "low" to whomever seeks to build a position in Bitcoin, and they hope to revisit higher price levels in the future. Seeing how twitchy and hungry for good news this market is, watch everyone fat finger the margin buy button if GBTC begins trading at any price above spot. Exactly. Which is why the huge overhang of 32000 shorts is brilliant. Relatively modest buying is all that is needed to start a nice little upswing back towards 300. |
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No stops were triggered and no forced liquidations happened. In fact, BTC swaps (shorts) went up during the spike.
Someone doubled down and capped the price. Good luck doing that again if some positive newsflow emerges with short swap interest supply dwindling and interest rates rising. |
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I am a little tired and unimpressed with all those fake massive bid walls going around in circles.
We had 5 k wall on coinbase, free willy bot on btc-e, 5 k wall at bit penny stock fund (the most hilarious one, because there is 0 % risk that it will be filled)...and mickey mouse chian exchanges doing their magic as usual...
...and yet a 5 k dump on stamp would instantly bring us to 180. not to mention 26 mils of longs sitting on bitfinex since god knows when.
price barely moving for days, idiots talking about a secret rocket building in the middle of a whale conference (haha!)...
how about no?
How dare you to break wet dreams of steers praying about over9000 $ per btc without inevitable retesting of sub 200$ levels, cheesus dont like you. Well a quick look at the stamp orderbook shows a 5k purchase would drive the price up to 270. Shorters have already shot their load. All they can do is buy the price up higher if we move up another few percentage points. Tarmi knows this better than most |
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What a great setup we have here. Market overwhelmingly bearish with retail shorting bitcoin to all time highs at the end of a bear market. Coin supply dwindling and swap rates rising on finex.
All we need now is a spark start a cascade of short contract capitulation, say, the opening of a wall street etf.
With all due respect to the powers that be, I don't think many of us got into Bitcoin giving a shit about Wall Street. I don't see why that should change now. True. But for bitcoin to attract new participants it either needs a stable value or not to fuck over everyone who invested previously. A great way for that to happen is for it to function firstly as a store of value (e-gold) and then function as a working currency second. Gold and silver have destroyed as many fortunes as they've made. I don't expect Bitcoin to behave any differently and don't see why it would. If you cannot see what suddenly allowing the vast sea of investment capital (multi trillion dollar pool) access to btc could potentially do to the price then I can't help you. Just fifty million USD would smash the price into the stratosphere. Big picture remains that bitcoin is an excellent assymetric financial bet to speculate upon. Why do you think all the trolls and bears are really here? |
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What a great setup we have here. Market overwhelmingly bearish with retail shorting bitcoin to all time highs at the end of a bear market. Coin supply dwindling and swap rates rising on finex.
All we need now is a spark start a cascade of short contract capitulation, say, the opening of a wall street etf.
With all due respect to the powers that be, I don't think many of us got into Bitcoin giving a shit about Wall Street. I don't see why that should change now. True. But for bitcoin to attract new participants it either needs a stable value or not to fuck over everyone who invested previously. A great way for that to happen is for it to function firstly as a store of value (e-gold) and then function as a working currency second. |
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What a great setup we have here. Market overwhelmingly bearish with retail shorting bitcoin to all time highs at the end of a bear market. Coin supply dwindling and swap rates rising on finex.
All we need now is a spark start a cascade of short contract capitulation, say, the opening of a wall street etf.
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Still waiting for my buy order at 201 to be hit. Doomers on here keep promising sub 200 but all I see is shorts at ridiculous levels and the price holding. Watch that short swap rate slowly climb.
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Right off to bed.
Good luck tarmi.
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I'd be surprised if those got filled as there are plenty more offers that have a zero between the decimal and the number. Even then, these are respectable swap offer as they've been down a third or more recently.
those are filled loans the absolute cheapest bitcoin to borrow right now is 0.5498% daily Keep shorting, retail. What could go wrong? |
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lol all this buys and price barely going up and it's going down so easy on tiny volume
Patience |
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Great rise but looks very fishy. Maybe big fraud with stolen $ at btc-e? Some big whale account hacked etc.?
I wish we'll know the reason of this rocket:-D
All that matters is if a few k more coins are bought on finex then shorts will begin to capitulate, if that happens in an uncontrolled manner then the college kids shorting bitcoin will learn a valuable lesson about leverage |
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The fuckery with BTC-E is too strong, I'll wait it out a little bit, but if it goes higher I'll short the hell out of it  Just seen the price oh my. Time to buy. 33400 shorts..rates rocketing lol. Slightly predictable. |
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poor fuckers, I will make a ton of money on you.
You are not very pleasant, and no amount of money will fix that you camel humping douchette  between being kind and pleasant to idiots on bitcointalk and being rich in reality...I choose rich every fucking day. screen caps of your flawless trading or it didn't happen. Based on his whining during the previous run from 237 to 300 he is guessing like the rest of us. |
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Shorts on finex back over 33000.
We could go up or down. But holding support, GBTC trading commencing with a nice squeeeze would be fun, eh doomers?
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Nothing to see here. THIS is almost a certainty. All major chartanalysts are preparing us for sub $100 prices.
How many chartists predicted the last three bull markets? |
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The fun starts at sub $200
double digits soon!
you can quote me.
Silly shorters. |
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