At seven o'clock in the evening, Zhao Chen returned to Henglong.
When he pushed the door open and came in, there was only Chen Xi in the office, staring at the board seriously.
She was sitting in front of the computer, and the light from the screen reflected on her face, making her eyes extremely focused.
When she heard the door knock, she raised her head, a look of relief flashed across her face:
"Zhao Zong, you are finally here."
Zhao Chen walked over and stood next to her:
"What's going on?"
Chen Xi pointed at the screen:
"Bitcoin broke through 14000 US Dollar today. It is now oscillating around 14200."
She paused:
"It's only 800 away from the 15000 US Dollar selling point we set."
Zhao Chen's eyes fell on the K line.
Red and green candles danced in his eyes.
14235.
14218.
14256.
It's changing every second.
"Chen Xi," he said, "Are our position accounts ready?"
Chen Xi blurted out:
"490,000 pieces. Distributed in eight accounts and can be operated at any time."
Zhao Chen nodded:
"Okay."
He glanced at the clock on the wall, it read ten past seven.
Su Wantang said that the midnight snack would not be delivered until after nine o'clock.
There are still two hours left.
He took off his coat and hung it on the back of the chair:
"Then you keep staring, I'll familiarize myself with the board first."
Chen Xi responded and turned back to the screen.
The office was quiet except for the low hum of the computer fan.
Half past seven.
Zhao Chen has been watching for twenty minutes.
Every beat of K-line Chart was like a needle pricking his nerves.
Not nervous.
It is the excitement of waiting for prey to enter the trap.
15000 US Dollar.
This is the first selling point he set for himself.
When he originally set this number, Chen Xi must have thought he was crazy.
What now?
Chen Xi said softly next to him:
"Zhao Zong, don't you want to eat something first?"
Zhao Chen shook his head:
"Not hungry."
Chen Xi said:
"Wantang said that the midnight snack will not be delivered until after nine o'clock. You have to wait that long..."
Zhao Chen interrupted her:
"I just had lunch and I'm not hungry now."
He looked at the screen:
"Bitcoin, the price of this thing will rise and wait for no one. If you miss it for a second, it may be thousands of dollars."
Chen Xi did not persuade me again.
She just put a cup of hot tea in his hand and continued to stare at her screen.
The night outside the window is getting darker and darker.
In the office, there is only the sound of keyboard tapping and occasional mouse clicks.
Zhao Chen leaned on the back of the chair and tapped his fingers lightly on the armrest.
15000.
Soon.
At 9:20 in the evening, Su Wantang came to Henglong Building with a midnight snack prepared by himself.
When the door was gently pushed open, Zhao Chen was staring at the K-line on the screen in a daze.
Su Wantang walked in carrying two thermal bags, still carrying the cold air from outside.
"Have you been waiting for a long time?" She put the thermal bag on the coffee table, "The road is a bit congested."
Chen Xi jumped up from the computer and ran over to help:
"Wantang You're here! I'm so hungry that my chest is touching my back."
Su Wantang laughed:
"You sit in the office every day and still feel hungry?"
Chen Xi opened the thermal insulation bag and said:
"That's different. Staring at Bitcoin consumes more energy than running."
Inside the thermal bag are three thermal boxes.
When I opened the first box, it was hot wonton noodles. The soup was clear and the noodles were thin. There were several wontons lying on it.
The second box contains several plates of exquisite side dishes - cold cucumber, Pork with Garlic Sauce, and sesame oil enoki mushrooms.
The third box contains cut fruits, including watermelon, cantaloupe, and dragon fruit, neatly arranged.
Chen Xi Take a deep breath:
"Wantang, if I eat this skill of yours every day, I will gain twenty pounds."
Su Wantang smiled and patted her:
"If you gain weight, lose weight."
She filled three bowls of wonton noodles and handed the chopsticks to Zhao Chen:
"Eat something first, don't stare at it."
Zhao Chen took the chopsticks and sat down on the sofa.
The three of them gathered around the small coffee table, and the steaming noodles dispelled the chill of the night.
Chen Xi took a few bites and couldn't help but glance at the screen again:
"Zhao Zong, do you think Bitcoin can really reach 20,000?"
Zhao Chen chewed the wonton and said vaguely:
"Maybe it will exceed, maybe it won't. It's already 14,700. It's no problem to increase it by another 20 to 30 percent."
Chen Xi eyes shine:
"So you are really going to make a lot of money this time?"
Zhao Chen nodded:
"Almost."
Su Wantang asked softly from the side:
"Why has it risen so high? Wasn't it just over 10,000 some time ago?"
Zhao Chen put down his chopsticks and leaned on the back of the sofa:
"Because now is the Short Squeeze market."
He glanced at the screen:
"Do you know what's the craziest thing in the futures market?"
Su Wantang shook his head.
Zhao Chen said:
"Short Squeeze."
He paused:
"Short Sellers borrowed a large amount of bonds Short Selling. As a result, the price did not fall but rose. The higher the price rose, the more Short Sellers lost.
They can only buy to close their positions, and the more they buy, the higher the price becomes, and the more they buy, the worse their losses become. In the end, a vicious circle is formed."
Chen Xi thoughtfully:
"Like Lu Shen?"
Zhao Chen nodded:
"Yes. Lu Shen Short Selling Henglong was Shen Jue Short Squeeze. Bitcoin is the same now."
He stood up, walked to the screen, and pointed at K-line Chart:
"Look at this line. From 10,000, there is almost no decent callback. Why? Because Short Sellers is desperately covering up."
He turned around:
"In 1980, Hunt Brothers was long Silver. Do you know how much it rose in the end?"
Chen Xi and Su Wantang both looked at him.
Zhao Chen said:
"From 10 US Dollar to 50 US Dollar, it increased five times. In the end, when it was Too Big to Fail, it fell 50% in one day."
He paused:
"Why did it rise so high? It's because Silver was bought in large quantities in the Spot market.
As a result, Short Position was unable to buy enough Spot for delivery, and could only buy and close the position in the futures market, which was Hunt Brothers Short Squeeze.
Short Sellers When forced to a dead end, there is only one way to close the position by buying at a high position.
The price kept getting higher and higher until it got completely outrageous."
Chen Xi took a breath:
"Then let's..."
Zhao Chen said:
"In the futures market, the roles of Bulls and Bears are relative.
Now the short side wants to buy to close the position, we are not selling, it is at Short Squeeze.
When the price pushes up, we rush to the front, even if we are long and short.
But we are not making profits through Short Selling, nor will we suppress the price, so it is not purely Short Sellers."
He smiled:
"One thing should be remembered - this kind of market will become crazier and more dangerous in the later stages.
Hunt Brothers and finally Too Big to Fail, on the one hand, it's because of regulatory intervention, on the other hand, it's because we are too greedy and want to get every penny."
He looked at the screen:
"We are not greedy. We will sell the first batch when the price reaches 15,000.
For every increase of 500 US Dollar, 50,000 pieces will be sold, more than 17,000, regardless of price, sold in one piece. All first orders will be cleared."
Chen Xi nodded:
"Understood."
Su Wantang was listening and suddenly asked:
"What about Zhiyi's account? Will they be sold together?"
Zhao Chen was stunned for a moment, then smiled:
"Yes, I almost forgot."
He looked at Chen Xi:
"Shen Zhiyi. How many coins are there in the account in their dormitory?"
Chen Xi thought for a while:
"At the beginning, they invested 600,000 RMB, Double Leverage, and the average purchase price was 910 US Dollar. There were less than 200 pieces in total."
Zhao Chen nodded:
"Not much. Just find a time later, place the price at 17000 US Dollar, and sell it slowly.
They hold small positions and will not affect the current price."
Chen Xi said:
"Okay. Then I'll hang it when it opens in the evening."
Su Wantang laughed:
"Zhiyi They really made a lot of money this time. 600,000 yuan..."
She did the math:
"Based on 17,000, if you buy it at 910, Double Leverage, it has increased by almost 37 times. It is equivalent to more than 22 million RMB per person."
Chen Xi's eyes are dizzy:
"More than 20 million? College students in the West? Then what books do they study?"
Zhao Chen shook his head:
"Studying is not about making money."
He picked up the bowl and took a sip of soup:
"Moreover, this money is an unexpected blessing for them."
He glanced at Chen Xi:
"The next 490,000 pieces we sell are the real big deal."
Chen Xi was stunned for a moment, and then couldn't help laughing.
Su Wantang also laughed.
The three of them sat there, eating late night snacks and chatting about Bitcoin.
The night outside the window is getting dark.
But the office is warm and cozy.