Sometimes long short crypto position can be cruel even to IN | Ashwini Roopesh on Binance Square

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Ashwini Roopesh

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Bearish

Sometimes long short crypto position can be cruel even to INSIDERS. A whale who opened $206.1M $ETH is sitting on -$25.78M loss. 

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U.S President Donald Trump snaps at reporter as he is asked about how buying Argentinian beef will help US farmers? Reporter - 'What do you have to say to US farmers who feel that the deal is benefiting Argentina more than them?' $TRUMP - 'Look, look - Argentina's fighting for its life. Young lady, you don't know anything about it. Nothing's benefiting Argentina, they're fighting for their life. 'Do you understand what that means? They have no money, they have no anything. They're fighting so hard to survive. If I can help them survive in a free world... I happen to like the president of Argentina. I think he's trying to do the best he can. 'But don't make it sound like they're doing good. They're dying'. Alongside a controversial plan to assist Argentina's collapsing currency with a massive $20billion credit swap line and additional money from sovereign funds and the private sector, Trump - 'We would buy some beef from Argentina. If we do that, that will bring our beef prices down.' Recently, Argentina eased export restrictions and started shipping massive amounts of the product to China. China immediately brought almost all of it with ongoing #TariffWars with U.S. This is how American Soybean Association President Caleb Ragland reacted: 'The frustration is overwhelming. US soybean prices are falling, harvest is underway, and farmers read headlines not about securing a trade agreement with China, but that the US is extending $20 billion in economic support to Argentina.'

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Then White House says - $TRUMP doesn't manipulate crypto trading.

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A crypto whale dubbed a “$TRUMP insider” for his timely trades has placed a massive new bet against Bitcoin. Deposited $30m in USDC before opening a BTC short position worth $76m with 10x leverage.

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‘He’s not going to be doing Russian oil thing’: Trump says he spoke with Modi. This is the third time $TRUMP repeated the same claim in five days. When asked about India’s statement DENYING any such conversation ever happened, Trump - “But if they want to say that, then they'll just continue to pay MASSIVE #Tariffs ." India has maintained it's position despite tariffs and told the world about the double standards of U.S as they are still buying Russian fertilizers, uranium, palladium. In fact, trade between US-Russia rose to 20% more since Trump came to office. Anyway, Indian refiners had already placed Russian Oil orders for November shipments, with some scheduled to arrive in December. #RussiaUkraineWar

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S&P analysis of 9,000 companies worldwide finds the real cost of tariffs and other corporate costs: $1.2 trillion #Tariffs are leading a trillion dollar corporate squeeze, most of which is inevitably FALLING on CONSUMERS’ shoulders. Yes you read that RIGHT. “Tariff-sensitive categories like furniture, apparel, electronics, and household appliances are heavily consumed by younger families and middle income households outfitting homes and raising children." - Christopher Hodge, Economist. However, this statement is called living in denial - “The President $TRUMP and Administration’s position has always been CLEAR: while Americans may face a transition period from tariffs upending a broken status quo that has put America Last, the cost of tariffs will ultimately be BORNE by foreign exporters" - White House spokesperson Kush Desai.

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