The bookmaker in this is different from all the main forces that Li Yuan met before.

They started the game steadily, were not swayed by the situation, and adhered to their own strategy.

Otherwise, it would not have been possible to have not moved at all until now.

You must know that Li Yuan smashed out not only a billion dollars of short orders, but also the confidence of the entire short position.

He brought more short-selling funds to join.

After all, even if the price of bitcoin is only $9,000 now, it is still a high number.

With such a high level of attention, the number of people who follow the world every day exceeds millions, maybe even tens of millions.

Even if it is a little less, 500,000 people participate in the transaction, which is a huge amount of money.

Now Bitcoin has not been split, and can only be traded one by one, at most, the funds are leveraged, and many platforms will allocate them.

And no matter what time it is, there are shadows of those platforms behind Bitcoin.

Short orders continue to fall.

At eight o'clock in the evening, Li Yuan called the trader and asked them to continue to open the contract, and strive to smash all the remaining funds into the position of 8,000 US dollars.

At the beginning of the billion-dollar cost, the cost was more than 14,000 dollars, and the loss was nearly half, and the loss was 6.7 billion dollars.

Now continue to open contracts, if the price is calculated according to the price of 9,000 dollars, then when the price of bitcoin falls to almost 6,000 dollars, all long contracts will be liquidated.

This path is a must-go because there is no point in shorting, especially in this position.

If you want to make money, you can only do long, and you have to get it before the dealer makes a move.

When the dealer makes a move, he has no chance.

The whole thing is like fishing, someone has a nest, the fish is very good, and he wants to rub it.

But people don't rub it, not because they are worried that the fish will be fished away, but because they are worried that their nests will be out of time.

So Li Yuan could only throw a handful of bait into someone else's nest, and then it was up to others to let him fish in it.

He ate something at noon and didn't eat at night.

Either drink some water or eat two cookies.

He can't get enough to eat, and when he's full, he'll be sluggish, and that's what the trader does.

It was almost around 8 o'clock in the evening, and the strength of the short order gradually became stronger, although the price did not rise much.

However, it can be seen from the trading volume that there are more funds for short orders than expected.

By 10 o'clock, the price of bitcoin had risen sharply, from about $9,000 to 10,600.

The whole market became irritable in an instant.

Because many short orders have been liquidated at this position.

Those who have the ability to add margin are fine, and those who are not able to make margin calls are forced to buy, and then the price is out of control.

At this time, it is almost impossible to buy chips at the market price, because every second is refreshing, and there are too many people who liquidate the position, and the price will soon be raised to $11,000, $11,500.

Those who are unable to add margin, even if they are liquidated, they have to make up the difference to the platform.

For example, if $100,000 uses six times leverage, and a short order is opened at a price of $10,000, then $11,660 is the liquidation line.

At the first time of liquidation, it will be forced to buy, but in just a few tenths of a second, the price skyrocketed to $13,303, so not only did the $100,000 principal be lost, but also $100,000 was owed to the platform.

Actually, it's not that exaggerated, but the difference is definitely to be made up.

Don't make it up? The platform will naturally be real to you.

And this situation was a little unexpected for Li Yuan.

He thought that the other party would quickly raise the price to $17,800 and directly blow up all the short orders, which would be much faster.

Now it is clear that there is a chance for those who are short to run away, for most of them, they will not blow up, and they can leave the market safely by cutting some meat.

The main thing is that he is already a little sleepy, a little hungry, and wants to leave work early.

In this situation, I can't get off work.

In this way, I slowly stayed up until twelve o'clock at night.

He never hung up the phone with the trader, and he could only use WeChat on the PC side to reply to messages.

The price stabilized at thirteen thousand dollars.

DynaSky Capital has already made money, after all, their cost is only 11,000 dollars.

Li Yuan's side must have lost, especially the billion-dollar empty order, which has already lost $300 million.

But it's okay, you can't blow up until $20,000.

And if the price can reach 20,000 US dollars, the value of the long orders he holds here can also reach 10 billion US dollars, and the whole will definitely not be a loss.

Liquidation is liquidation......

He couldn't help it and ordered a takeout.

However, before eating takeout, he wrote a document and wrote his next operation instructions, because he was afraid that he would not be able to react at that time, or he would not think about it enough.

After eating a full meal, the whole person felt much more comfortable.

Then, drowsiness came......

Fortunately, I had tea at home, made some tea, left the sofa, and changed to a hard bench.

It's okay that the trader has changed shifts, but he doesn't need to worry too much.

There was nothing to do for the time being, and the trader began to chat with Li Yuan.

"Boss, why don't you go and rest for a while? We'll just keep an eye on it, and you give us a little bit of instruction. ”

"It's okay, it's okay, this position is more critical, just wait."

"Boss, what price do you think Bitcoin can rise?"

"No one can say anything about this."

The situation has completely changed.

Li Yuan felt that the price of 20,000 US dollars was definitely fine, but the follow-up increase was also very limited.

In a few years, the price rose to 40,000 or 50,000 US dollars, because too much capital was involved, there was a lot of capital, and the position was created by the global water release.

Right now? $20,000 is almost the limit.

There are a total of 21 million bitcoins, and 13 million have been opened so far, and no one knows how many dead chains there are.

Maybe those dead links have long been cracked, or even quietly entered circulation.

Anyway, the daily circulation is so large that no one can figure it out.

Based on the total circulation, the unit price of $20,000 represents the market value of Bitcoin at $260 billion.

Even if a stock with a market value of $260 billion has no less than $60 billion in funds, the amount of money in it should not be less than $60 billion, and the amplitude of bitcoin is particularly large, and the funds for internal transactions should not be less than $100 billion.

Otherwise, where would the $20 billion daily turnover come from?

In all aspects, big capital has not yet entered the game, and it is impossible for them to push it to 30,000 US dollars, and the amount of funds that need to be used is too large.

The price of bitcoin has risen to $14,000.

Traders are starting to talk about this year's bonuses.

Although they knew that they didn't play a big role, they just did some hard work.

But Li Yuan has earned so much, it's normal to leak a little bit for them to eat, right?

They are not greedy, and they can get more than 100,000 yuan each, which is quite satisfying.

Anyway, in other companies, they don't have a chance to get bonuses, and those companies themselves still lose money.

Li Yuan has already started to plan for bonuses, especially Guo Meng's bonuses must not be missing, she is the most stressful person in the entire company.

And if she can resist the pressure this time, then it should be no problem next time, which can be of great use to him.

This kind of anti-pressure experience, looking through the entire market, I can't find the second one.

If you miss this village, Guo Meng will not wait for him in the next store, so the grievance award will definitely be in place.

At three o'clock in the morning, the price of bitcoin broke through $15,000.

Almost standing at yesterday's high position.

Li Yuan glanced at the instructions he had prepared, and found that there was no deviation, which was similar to what he was thinking at this time.

Anyway, as soon as the price of $20,000 is reached, he will start to reduce his position.

Make long orders first, and then make short orders, and if you cooperate, you can earn a few more points.

You can't let your billion-dollar short orders blow up.

It's just that he still doesn't understand why the dealer is so slow.

Pulling little by little, it is to give those empty orders a chance to run away, and if it continues like this, it may not be able to rush to the price of 20,000 US dollars.

Li Yuan didn't think that there was a problem with his thinking, and the situation was contrary to his thinking, which meant that there was something behind him that he hadn't noticed.

Is it possible that this did not make the empty order run away?

The thinking in Bitcoin is extremely complex, and it is impossible for him to grasp it accurately, it is just a kind of deduction and simulation.

The main thing is to keep an eye on the dealer's actions......

At around 4 a.m., the price of bitcoin broke through $16,000.

"Ahem......"

Li Yuan was too sleepy, so he lit a cigarette.

And then I was choked to the point that I couldn't do it.

But there are also benefits, the whole person was directly choked and sobered up.

In addition, the stomach has also been digested, and the blood supply to the whole body has returned to the brain.

Thinking back to some of his previous thoughts, he felt more and more wrong.

Sixteen thousand dollars, without a doubt, is a lucrative position.

DynaSky Capital earned forty-five points.

Because of the leverage, it is equivalent to earning 90 points of principal.

At the beginning, he just wanted to eat a band, just have twenty or thirty points, and then do more in it, anyway, Bitcoin fluctuates enough, control the position, stay focused, it shouldn't be a problem.

Just as soon as I entered the market, I broke the balance and was noticed by the funds inside.

Don't look at it now, it's not necessarily better than your previous plan.

Before, he was sure that he would be liquidated by $10 billion within a month, but now he ...... It is estimated that it is a one-time, transaction.

Even if it continues to fall, he does not dare to short on a large scale, and it is too dangerous to open a short order on a large scale.

The reason why he sensed that something was wrong was that he was too stable.

Whether it is the bookmaker or other participants, it is surprisingly stable.

And his previous guess, haunting in his heart, became clearer and clearer.

So he opened his account, used the funds, and repaid the 50 million dollars of empty contracts.

Leaving too many empty orders in your hand is too dangerous after all, even if you lose some, you can repay it first.

It was the 50 million US dollars, as if a domino had been toppled, and it shook out stormy waves on the disk in an instant.

He himself never thought it would be so outrageous.

Originally, 50 million dollars is not a lot of money, and in the current market, no one will even notice.

Before the short contract on his side was filled, the price of bitcoin suddenly rose to $17,000.

Compared with the increase of twenty or thirty points on weekdays, it is not an exaggeration at present, after all, it is just a backfill of yesterday's gap.

But it's just getting started.

Li Yuan seized the time and continued to throw out a large number of empty orders.

At this time, he himself turned into a bull, frantically sweeping the chips on the field, and the dealer was also eating chips, and the price soared.

Until the price of bitcoin climbed to the position of 20,000 US dollars, Li Yuan did not have much money, and he went out to trade contracts of less than 300 million US dollars.

The liquidation line has risen a little, and it was originally a $20,000 liquidation, but now it has become a $20,600 liquidation.

Compared to yesterday, bitcoin has risen by 40 points today.

If you add to fill the gap, it's even more.

It's just that the statistical time is different, and the existence of the time difference is not displayed on the board.

A lot of gaps have been eaten up by time.

Otherwise, today is a doubling figure.

Li Yuan was not sleepy, because he had to sell his long orders and add margin to the short orders.

Then, on this basis, repay the empty order as much as possible to reduce the loss caused by the short order.

He already knows the intentions of the dealer.

It doesn't matter to them long orders, short orders are the data they value most.

Judging from the disk, the trading volume is not particularly outrageous, which shows that the number of short orders in it has been increasing.

If the number of short orders is decreasing, the trading volume will inevitably increase along with the price increase.

After all, there are more and more liquidations......

It can't be that the $6 billion deal in the past few hours has not been done without the participation of the bookmaker, right?

If there is no dealer to guide, what is wrong with those empty heads? Will it pull like this?

Since the bookmaker is involved, then the volume will definitely be superimposed.

He shouldn't have eaten that meal.

After eating, the brain will become sluggish and the blood supply to the brain will be insufficient.

Although there is no discomfort in the body, the brain will subconsciously be lazy.

For example, professional players who play games are basically hungry and playing.

There are still many professions, all of which are not full.

Fight reaction, fight skill.

Even table tennis players, before the competition, have to eat three hours in advance.

Some subtle problems are ignored by yourself, otherwise you can find out in advance and lose a lot of money.

Now it is almost impossible to repay the short orders in your hand, so you can only let the price rise and keep adding margin.

The number of empty orders on the market is absolutely staggering.

The bookmaker deliberately pulled up slowly, and did not directly blow up everyone, and the purpose was only to let more funds participate in shorting.

After all, someone dared to short for $10,000, and now it's $14,000, $15,000, why don't they dare to follow up?

Bitcoin can't have such a high value! Only fools will do more!

Therefore, the actual situation is that with the rise of bitcoin, the number of short orders has not decreased, but has increased.

It's like a playstation a few years later.

It's just that...... It's just a swap of identities.

At this time, the market maker is long, and the retail investor is short.

(End of chapter)