Bitcoin Thread

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gripen5221 said:
10 long positions over $1M liquidated on Bitmex in the last 20min!

Here’s the biggest so far....$3M gone!

Liquidated long on XBTUSD: Sell 2,935,393 @ 9645.5 ⚡ ~ RAMPAGE ~ Next time, double the leverage
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lol buy wall appeared at 9400 -- and got chewed in seconds. more liquidations i presume
 
*SynergyX* said:
looking for a bounce at ~9.2-9.3 if it gets there.

will go in with a tight stop - below 9100 im short again
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stuck that long in there at 9.23... stop at 9.1 --- less see if this was a bull trap or retest of breakout.

small trade...
 
*SynergyX* said:
stuck that long in there at 9.23... stop at 9.1 --- less see if this was a bull trap or retest of breakout.

small trade...
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I think breakout soon. I read one of the views on tradingview which said that their market sentiment indicator was the lowest last week since September 2011. Yet we didn't go below $8k and it broke out from $8.5k whilst many people were calling for much lower like $6k. So if it can't go down then with all the bad news after a drop from $11.6k to $8.5k, I don't see it going down low again (below $8k).
 
gripen5221 said:
Big support at $9000. Thats the real test.
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should been between 9150 and 9200 like it has been for the past 2 hours.

but alas this is the conspiracy of the market makers - they always dip or pump the market past the 'obvious' levels to hit the stops. it always bounces back immediately.
most traders will places stop at the obvious levels to limit risk.
 
Slootvreter said:
Interesting. Wonder why not
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He has raised sufficient funds from previous sales to pay off the fiat creditors. All other creditors they owe are BTC customers.

It’s not clear yet whether the remaining BTC will be redistributed among the BTC customer or if they will sell off more BTC and pay off the customers in fiat.

If the trustee (via the courts) sells off a large part of the remaining BTC to settle the outstanding creditors in fiat, another major sell off expected.

Some people may want their BTC back, others may just want cash. Due to increase in value since the crash, it is not clear how they will settle those debts, equivalent BTC they lost or value they lost at the price it was (less BTC in today’s value)?

Either way, will have to watch that one closely!
 
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