The liquidity that the bulls have worked so hard to build up in several major exchanges will be sucked dry by Mentougou and the German government. The key is that after they used zero-cost BTC to beat the bulls, they did not continue to trade, but withdrew their money and left. It was pure blood sucking. This unfair and harmful capital entering CEX is a typical manifestation of lack of supervision.
Some people say that such funds should not be restricted from entering centralized exchanges to smash the market. Although the confiscated Bitcoin has no cost, the person who is confiscated has a cost. It’s just that someone else is changing the market. This statement is ridiculous. The person who is confiscated does have a cost, so he won’t smash the market like this. Only the cost-free Bitcoin obtained by confiscating will be smashed like this and cashed out.
If Bitcoin falls to $50,000, mainstream CEX will have $449 million in long orders liquidated
On July 5, according to Coingalss data, based on the current mainstream CEX contract positions, if Bitcoin falls to around $50,000, it is expected that CEX will have $449 million in long orders liquidated.
On the other hand, in a unilateral downward trend, as long orders decrease, short orders increase. If Bitcoin rebounds to around $56,000, it is expected that $772 million of short orders will be liquidated.
