Trading the stockmarket (NO Referrals)

cointelegraph.com

Bitcoin whale bets $368M with 40x leverage on BTC decline ahead of FOMC

A whale has opened a $368 million short position betting on Bitcoin's decline ahead of the FOMC meeting.
cointelegraph.com cointelegraph.com

A Bitcoin whale is betting hundreds of millions of dollars on a short-term decline in Bitcoin’s price ahead of a pivotal week filled with key economic reports that could significantly influence its trajectory and investor risk appetite.

A large crypto investor, or whale, has opened a 40x leveraged short position for over 4,442 Bitcoin

BTC
$83,004
—worth over $368 million — which functions as a de facto bet on Bitcoin’s price fall.

Leveraged positions use borrowed money to increase the size of an investment, which can boost the size of both gains and losses, making leveraged trading riskier compared to regular investment positions.

The Bitcoin whale opened the $368 million position at $84,043 and faces liquidation if Bitcoin’s price surpasses $85,592.
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More possible insider trading but I guess it's fine because it's Crypto and not the stock market (although it impacts stock market now that there's ETF's for crypto)
 
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lookitsjonno said:
Wait for Jensen's speech tomorrow when he nocks it back down a peg or two :D
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I am hoping it's a super positive speech For my Nvidia :) going to be watching the live stream on YouTube , thing is with the dwave it's not 24/5 trading yet so in a way I am glad I took the profit as I didn't feel in control out of Hours who knows what will happen at market open (yeah I know probably soar!!!!!)
 
Expect a very green day on Friday.. a lot of bankers/traders are getting their yearly bonuses, pay raises and supplements.
 
moon man said:
DWave are going mental so I could have definitely made a few hundred quid more but at least I got a slice of the pie , on the plus side though my intel and Nvidia doing ok for now
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Yeah I read they may have made a breakthrough in real world problem solving. That's the claim anyway.

1/6 of my entire isa is wrapped up in quantum stocks so it's quite important for me to keep. Up to date!


I've actually had quite a few good trades since the dire sell Off.
Although still overall down from peak just before the sell off.
 
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sold my rolls royce shares yesterday, bought for £250, sold for just under 2k, they will prob go up some more but the divident payment was never going to be great, i only had around 250 shares.

reinvested in some decent divident paying stocks - HSBC, phoenix group and legal and general
 
I was sort of blown away with the Nvidia presentation and it just made me think how many use it as just a short term money maker (fair enough) but longer term looks amazing, I know the market wasn't over impressed with the very short term catalysts.
I am not clued up enough to comment on the technicals at the present price but please chip in if anyone has any thoughts.
Mr Powell could just pummel it with everything else today though, I only have a 2 dollar a share buffer at the time of posting
 
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