Chapter 734 - 306: Jiang Banxia’s Heart Fluttering (2)
Don’t dare.
In the financial market, no one dares to go against Wall Street. They can only wait for the Wall Street big shots to have their fill, then go over to pick up the leftovers.
That day, they dumped three billion US dollars.
They originally thought it would drop the contract prices by five or six points, and the second wave of funds would immediately follow.
As a result, the three billion US dollar contract was dumped, but it was directly absorbed.
So, they dumped another three billion US dollars in contracts.
As with last time, it was still absorbed.
They then dumped another two billion US dollars, with the same outcome.
They didn’t dare dump more and reported the matter upwards.
...
Due to the lockdown, they didn’t visit relatives on New Year’s Day or the second day either.
Li Yang stayed home playing with the kids, watching the market trends in the evening, and doing some couple’s activities with Jiang Banxia.
On the second night, he received a call from Chen Peipei.
"Someone opened large short contract positions? All absorbed by us?"
"Wait, I’ll come to see you!"
Li Yang immediately left his study, walked out of the yard, and went to the house opposite.
Chen Peipei had already gone to bed, but before sleeping, she opened her laptop for a look, only to find a string of shocking numbers.
She had already set a contract price, and as long as the contract reached that price, it would be absorbed no matter how much.
As for account margin? The platform was hers, so why care about margin?
But absorbing so much at once felt like a problem, so she called Li Yang promptly.
After a while, Li Yang said he was at the door, and Chen Peipei got up to open it for him.
In the living room, she handed the laptop to Li Yang, who noticed the funds were extremely concentrated.
He needed to take it back and discuss it with Jiang Banxia.
So he said, "I’ll take the laptop first, to see exactly what’s going on."
"Okay, anything else you need my help with? If not, I’ll go to sleep."
"Go to sleep, go to sleep."
All the accounts were with him; Chen Peipei didn’t need to do anything further.
Li Yang hurried back to their bedroom.
Jiang Banxia hadn’t gone to sleep yet; she had just finished her bath and changed into sleepwear, waiting for Li Yang.
Their child at home had just been coaxed to sleep for less than an hour, which was their couple’s private time.
Then she saw Li Yang come in with a laptop.
"Master Li, what are you up to? You can’t have possibly run out of steam and need something else for excitement, right?"
"Bah, bah, bah! How could your brother run out of steam? An unexpected situation has come up, I’m a bit unsure, can you help me analyze it?"
"Analyze what?"
"Bitcoin related."
Saying that, Li Yang sat by the bed, handing over the laptop’s interface for Jiang Banxia to see.
He was also explaining the information on the interface.
"I originally wanted to absorb a portion of the contracts, but today someone suddenly dumped eighty billion US dollars’ worth of short contracts to me. I feel like they are trying to crash the contract price."
"I... I haven’t studied Bitcoin much."
Jiang Banxia could understand but hesitated to speak easily.
Li Yang wasn’t certain about these things, so she felt even less confident.
So, Li Yang pulled up another interface and said, "This is Bitcoin spot trading trends, help me analyze it."
"Oh, okay, let me have a look..."
Jiang Banxia started looking. She was more familiar with this, similar to stocks.
She could also understand contract trading, just not having a concept on overall data, not knowing everyday trading scenarios.
However, Bitcoin trading was very clear with volumes, transaction amounts, and intraday K-line.
A few minutes later, Jiang Banxia said, "Since September, capital has been flowing into it, started with small amounts, indicating cautiousness, but lately, it hasn’t been as cautious, seems like they want to amass large positions, possibly indicating they’ve accumulated enough."
"Hmm? Can you tell how many positions they took before?"
"How could I tell, with such high daily volumes? But Bitcoin is indeed a good product, very suitable for taking periodic profits."
Li Yang said, "The earlier phases, I bought those."
"And after that?"
"I don’t know, I feel it’s those dumping the contracts."
"But isn’t it fine?"
"There’s a problem. The people buying contracts are also me. I now hold 120 billion US dollars in Bitcoin long contracts. If Bitcoin prices drop sharply, I will lose a lot of money. Even if it rises, with so many contracts, cashing out isn’t easy."
There’s definitely an opportunity, but afraid others won’t allow it.
Now that someone is dumping heavily on him and seeing it absorbed, they might know someone is propping up the platform, exploiting its weakness.
If they continue dumping, what then?
Continue absorbing, but you can’t absorb three or five hundred billion US dollars’ worth of contracts, right? Even if Bitcoin prices soar to over forty thousand US dollars, it won’t be easily liquidated.
And under such short-selling pressure, whether Bitcoin can still rise is uncertain.
"Let me continue to research..."
Jiang Banxia began to delve into Bitcoin contract trading data, and Li Yang was also contemplating nearby.
There are just a few possibilities: targeted at the platform, at him, or Bitcoin itself.
Targeted at him? They need to know he will absorb.
Besides Chen Peipei, no one knows about this.
Even Bai Ye calls her Mom; she wouldn’t betray him, right?
This possibility is not high.
Targeted at Bitcoin is comprehensible, which means driving down contract prices for easier accumulation.