Please see today's battle report analysis 👇
🚨Today's battle report time:
6/24 - 6/28 in the morning UTC+8, for 4 minutes.
🚨Battle description:
Phase 1, 6/24 - 6/26, Lao Zhuang started from #binance , tested the water temperature and depth, and passed the test✅
The second stage: 6/26 - 6/28, the market crash. At that time, the price was 99,000. Lao Zhuang had 5,000 elite soldiers. In two minutes, he killed 8,500 enemy generals. #okx The exchange was washed out due to the leverage of many parties, and the price was pushed to 88,600, and 10,000 heads were sold.
🚨Comment: The dealer slaughtered the market in two minutes, and his operation method was very professional.
First, the timing is very good. At 6:26 UTC+8, the Asian session is still asleep, the New York Stock Exchange is closed, and ETFs are forced to close. CME is about to close, but has not yet closed. At this time, the liquidity of CME+BN is the liquidity of the entire market.
Second, the method of market manipulation is very professional. The dealer uses bots to sell 50 units per second within two minutes, and the liquidity of the market is completely controlled by the dealer.
🚨🚨🚨Post-war analysis:
The old nest of the old Zhuang must come from CME. They will use the on-site financing and the united front to wipe out all the leeks with 10x leverage in their warehouses, and the market will return to normal funding rates.
This campaign has no impact on the market as a whole. It is just a normal behavior of CME's old dealers to clear leverage and extract liquidity. After the market regains momentum, it will set a new high📈📈📈
🚨🚨Post-war operation: The current $BTC contract funding fee on#binanceis very attractive, exchanging 20% of $ETH to $BTC.