King of Bicition
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👍A sharp drop is often a good time to pick up corpses
I have a reminder that when BTC falls by more than 7% within 4 hours, it will trigger the ringtone of my mobile phone that I never turn off.
Then I will quickly go to the computer to operate. Yesterday's operation:
1. Closed all 0628 BTC inter-period arbitrage positions, which have realized most of the profits. Then exchanged BTC spot for FDUSD to mine Launchpool.
2. Yesterday, PAXG (a stable currency linked to gold) was affected by the news of Iran's rocket launch. Many retail investors in the currency circle who don't understand gold rushed to generate premiums. The trading price of PAXG last night was once 20% higher than the closing price of gold on Friday. After I saw it, I immediately went to see if PAXG had a contract. After finding that there was a contract on Bybit, I shorted 650,000 dollars of PAXG at a cost of about 2633. This part of the position has not been closed yet. I will wait until the international gold market opens on Monday before closing the position.
A big drop is often a good time to pick up free money, because retail investors will panic and market makers will reduce pending orders to prevent inventory risks, resulting in liquidity shortages. The combination of the two creates many opportunities to "pick up corpses."
I have a reminder that when BTC falls by more than 7% within 4 hours, it will trigger the ringtone of my mobile phone that I never turn off.
Then I will quickly go to the computer to operate. Yesterday's operation:
1. Closed all 0628 BTC inter-period arbitrage positions, which have realized most of the profits. Then exchanged BTC spot for FDUSD to mine Launchpool.
2. Yesterday, PAXG (a stable currency linked to gold) was affected by the news of Iran's rocket launch. Many retail investors in the currency circle who don't understand gold rushed to generate premiums. The trading price of PAXG last night was once 20% higher than the closing price of gold on Friday. After I saw it, I immediately went to see if PAXG had a contract. After finding that there was a contract on Bybit, I shorted 650,000 dollars of PAXG at a cost of about 2633. This part of the position has not been closed yet. I will wait until the international gold market opens on Monday before closing the position.
A big drop is often a good time to pick up free money, because retail investors will panic and market makers will reduce pending orders to prevent inventory risks, resulting in liquidity shortages. The combination of the two creates many opportunities to "pick up corpses."
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