About BTC'S SHORT x LONG x PRICE We will never know:
Is the player alone in Bitifinex ?
It is happenning at anothers Exchanges ?
He could be playing at futures as well, been long at one perpetual, or a option contract.
We can't know. that.
The only thing we can do is Speculate about, and There it is:
At First, we have to understand that he took the distributed market and applied a bilateral liquidity injection, in other words he went in long and short at the same time, as the market was distributed he gave in on the weaker side.
So he took part of the profit from the short position, going long after.
Then the market starts an Accumulation, with long positions increasing and short positions decreasing, while the market lateralized.
After fully positioning himself in the long position, while the market went down a bit, he applies a FUD on the BTC, going heavily short when the price reaches the top of the range.
It works. it knocks down the market !!
But something happens.
The price refuses to go down any further.
It falls into the bear trap!!
But he's a tough guy, he won't let it go! And he increases his short position showing strength. He plans to buy at FUD again i think !
Here is the proposition of what can happen:
If the price touches the trap line again, at 37.300, it can push a little harder and try to FUD more... But at first this attempt was already lost.
If he folds and turns his hand over, closing the 15k btc short position, he could put the price at 50k again, or even more.
