Is that a request for the vid where Billy is grabbing a flight attendant by the pussy, and she very obviously does not like it? Cause we can go there if you want.

Could the $400 Million Liquidation have been an elaborate whale trick to create synthetic Put option for 0 premium abusing OkEX socialized loss and liquidation system ?

Imagine this :

• With one account, accumulate little by little a large long position, filling the asks of multiple of your own other accounts in order to stay discreet on the leaderboard. You are then hedged with both Long and Short positions at the exact same price.
• Once you are big enough, push the leverage to the max on the one big position by withdrawing BTC and transfering them to your hedge short accounts.
• Eventually, the over-leveraged big position get liquidated on next significant move down. Obviously since the position is so big, the order at bankruptcy price stays unfilled, especially since when BTC dumps, it dumps fast.
• Starting from there, you are left with your accounts on short position. Two things can happen :
   * The price go back up to your liquidation wall. Then before it gets eaten, you buy into it with your shorts. You then exit all your positions at breakeven (minus transaction fees) since the profit from your short is then at the same price than your bankruptcy price on your long.
   * The price go down : that's when it gets interesting. Your short keep giving you profit while the loss you were supposed to have with your long hedge is paid with socialized loss (since you can't lose more than what you have on one account) in the form on an unfilled liquidation, and the difference between the liquidation price and the settlement price being paid by socializing losses/insurance funds.

So in short, if someone did this, he would profit as long as BTC goes below 8020 (the wall's liquidation price), and if BTC goes over that he loses 0 (only transaction fees).

So basically a put option, except if someone really did this, he would have paid 0 premium for them.

Am I being conspirationist here or could this have been possible ?