This guy is tough, a short position on XRP made the XRP officials so mad that they blocked him!
This order conveys one message.
Let’s see if the market makers can raise the market cap of XRP to $4 trillion, surpass Bitcoin, surpass Apple, and then come and blow up my $12 million position!
Moreover, the profits from this trader's Bitcoin position will continuously push up the liquidation price. By next year, when the bull market starts, this trader's XRP liquidation price might be pushed up to $150 or even $200. What does that mean?
Unless the market makers have unlimited dollars and the ability to raise XRP by another 100 times, they can't blow up this trader.
The market makers have been bullying retail investors, this time, they will face the consequences!
In recent years, I've been following various operations of XRP, and the officials have done almost nothing for ecological application development. If you follow their official Twitter, there are very few followers.
So, what is XRP doing? This is what I see.
Constantly looking for celebrities to endorse, constantly bragging about how great they are, constantly telling users how much money they have.
Essentially, it's just a funding scheme under the guise of the blockchain industry! The officials control at least 70% of the chips, they can draw the K-line however they want.
Using one hand to open contracts and the other hand to use massive chips to draw lines, constantly injecting and exploding contracts!
XRP is the tumor of the cryptocurrency world; the larger the market cap, the greater the harm! The SEC's disputes with it are based on theoretical foundations; XRP indeed does not create actual value in the blockchain field.
Trading XRP is not investing, it's gambling.
The original post is here, why did the XRP officials block this APE? It can be understood this way.
When the market makers raised the market cap to the previous high and wanted to gradually distribute chips to profit at high positions, this disruptor APE appeared, running ahead to sell. This means borrowing XRP from the exchange at a low multiple to sell it for USDT, and then when the price drops, closing the position and buying it back to return to the exchange.
What does this mean? It’s like snatching meat from the market makers, the biggest piece of meat that the market makers haven't eaten yet, APE has eaten it first, so the market makers are naturally furious! Unfortunately, the market makers used to always inject and explode contracts, but clearly, they don't have the ability to blow up this order with a liquidation price of over $70!
So, the market makers were furious and blocked him.
