What do (((they))) want?
Atualizado
Very short TF, just looking at levels at where whalechad was filling up his hidden orders on the 15th on BitFinex. (Green lines)
Absorbed a lot of BTC and not sure what to make of this; seems like a bad idea to accumulate this way. Some possible scenarios:
-Wash trading by selling into their own hidden walls with other people's shorts too (maybe) <<<
-Whalechad pressuring shorters trying to defend their positions on margin (look at BTCUSD SHORTS -- quite squeezable) to gauge response. <<<
-Filling up shorts by propping price? seems like a bad idea given how much btc was absorbed
The question is whether this is accumulation or distribution: I'm personally leaning towards accumulation given the current levels at yearly lows. While I don't think we're at a true bullish reversal of BTC or at the bottom of this bear market, playing the upside seems to be a better bet. I personally find the first 2 scenarios more likely.
My position is currently slightly net short on bitmex with multiple call options on deribit, with further orders down to 6100 that if filled, will result in being net long on both bitmex and deribit. Invalidation point will likely be 5800~5900 for longs.
Absorbed a lot of BTC and not sure what to make of this; seems like a bad idea to accumulate this way. Some possible scenarios:
-Wash trading by selling into their own hidden walls with other people's shorts too (maybe) <<<
-Whalechad pressuring shorters trying to defend their positions on margin (look at BTCUSD SHORTS -- quite squeezable) to gauge response. <<<
-Filling up shorts by propping price? seems like a bad idea given how much btc was absorbed
The question is whether this is accumulation or distribution: I'm personally leaning towards accumulation given the current levels at yearly lows. While I don't think we're at a true bullish reversal of BTC or at the bottom of this bear market, playing the upside seems to be a better bet. I personally find the first 2 scenarios more likely.
My position is currently slightly net short on bitmex with multiple call options on deribit, with further orders down to 6100 that if filled, will result in being net long on both bitmex and deribit. Invalidation point will likely be 5800~5900 for longs.
Nota
Ignore the strategy kek
Aviso legal
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