Chapter 216 Locking Account

It was indeed Li Yuan who reacted slowly, and he accepted the loss.

Although he definitely made more money overall, his previous analysis was mostly wrong, which was a complete lesson for him.

It can be seen from this incident that the dealer has a very clear grasp of the short position chips.

They knew how many short orders there were, otherwise the price would not have risen instantly after Li Yuan repaid 50 million.

Just like a precision machine, only when the precision is reached can some subtle changes be clearly understood.

If the data they have is not clear enough, they may not notice even $500 million, let alone $500 million.

To be able to obtain such precise data, no one would believe that they didn't use a backdoor.

The platform that Li Yuanzou used is owned by Morgan.

In other words, the other party even has Morgan's back door.

There are no such things as in-laws, they are actually traitors within the family.

The identity of the banker has been made clear, and it should be these big capitals that are manipulating it.

I guess there is no year-end fee...

The global financial conditions are average this year. As New Year's Day approaches, they need better financial reports to attract funds and get through next year.

After all, judging from the current situation, next year will be even more difficult.

It was probably them who pushed the price of Bitcoin to $20,000 in the previous life.

Li Yuan originally thought that he could clear his contract for around 20,000 US dollars.

But now, there is no way to clear it.

After all, the short position in his hand is still a death warrant, and he must ensure that he has multiple orders in hand for hedging.

He had no right to be greedy this time. Since he had already gotten into this car, he should just take the profits honestly.

Anyway, he definitely made money, and because he chose the right direction, he made a lot of money.

Gradually settle the short contract, and then you can withdraw.

If the short position is not fully repaid within one day, there will be no reduction in position.

He wanted to see how high this group of people could raise the price.

…

Yu Yue didn't get back until two o'clock in the afternoon, after all, he had to sign a contract with Ningde Co., Ltd. in the morning.

He came back as fast as he could and almost missed the plane.

He knew that the company had opened its second phase, and he also knew that Yao Yingsong was not there.

Li Yuan was very busy and he felt something was very strange.

No matter when I send a message to Li Yuan, he will reply very quickly.

He wanted to make a phone call to report on his work, but Li Yuan said the line was busy and told him to send a message directly if he had anything to say.

So he asked the trader and got a result that shocked him.

Li Yuan hasn't had a rest for more than thirty hours.

The traders can change shifts, but Li Yuan cannot.

This is the drawback of Kingkong Capital. Li Yuan is the only real decision maker.

On the one hand, the reason is that Kingkong Capital does not have too many businesses and cannot attract real talents.

On the other hand, Li Yuan is too strong. Even if those fund managers with hundreds of billions of dollars are invited over, they will pale in comparison to Li Yuan.

There is no need for each other.

The Kingkong Capital platform belongs to Li Yuan, and Li Yuan only needs a tool.

But now some things have happened and Li Yuan is too tired to be alone.

The disadvantage is that you can’t find anyone to help you.

He rushed back in a hurry, without even going home, and came to the company first.

The company currently has only two trading rooms, which are separated by a long distance so that the two sides do not disturb each other.

When he arrived at the Qingtian Global Select Mixed Fund, he saw that the door of the trading room was open and the voice of the trader inside was clearly audible.

"What's going on? The boss is not in the company, and you guys don't even follow the most basic rules, right?"

He came over and asked the first question.

There is a lot of surveillance around here, and that surveillance is subject to review.

If the company is affected, all these traders combined cannot afford the compensation.

A trader said, "Boss Yu, the door is closed. There is no signal inside."

"What kind of signal does the trading room need? Isn't it enough to have an internet connection?"

"But we have to stay on the phone with the boss."

"Um?"

When Yu Yue walked in, he saw that the screen of a mobile phone was still on, and the call time displayed on it was thirty hours.

Seeing that the traders were not particularly busy, he quietly called out one of them and asked, "What's going on? Why would the boss, who is a rule-abiding person, arrange for these things to happen?"

"This time is quite special. The boss entered a market that is trading 24 hours a day. The situation changed too much, and the boss insisted on watching the market."

"Boss, have you really not had a break for more than 30 hours?"

"Well, basically every hour, the boss will give us some instructions."

"Well... okay. I'll go turn off the surveillance."

"Boss Yu, the boss has unplugged the surveillance camera."

Yu Yue: “…”

Come to think of it, my boss wouldn't leave such obvious evidence.

"Okay, okay, I'll go in and talk to the boss."

Yu Yue probably already knew that he could not help at all with this kind of work and could not even play the role of a trader.

At least the trader can endure hunger for seven or eight hours. But for him, except for sleeping, he starts to feel hungry after four hours, and six or seven hours is already his limit.

Arriving at the trading room, he shouted into his phone, "Is the boss here? This is Yu Yue."

Li Yuan's weak voice came from inside: "What's wrong?"

"It's like this, boss, is there anything you need? I'll bring it to you. What do you want to eat?"

"No need, just take care of the company's affairs, I have something else to do..."

"Okay, I'll leave now. Boss, please take care of your health. The company can't do without you."

After Yu Yue finished speaking, he left the trading room.

I wanted to see if there was any help from somewhere else, but that was impossible.

He became a complete spectator in this matter.

He really wanted to help. After all, when Li Yuan was tired, what he needed most was someone who could help him, and he would definitely remember the credit in the future.

He has worked in many companies. His time at Kingsoft Capital is not the most leisurely, but it is definitely the happiest one for him.

Even being a dog is fun.

In other places, if you act like a dog, others will really think you are a dog.

At Sky Capital, his boss never let him down, and every effort he made was rewarded.

Even though my salary hasn't increased at all, I am enjoying a full level of personal dignity.

This was the way he dreamed of working.

Now Li Yuan rejected his words without hesitation, which means that Li Yuan really doesn't need it.

He had some other ideas, but he had to give them up.

…

At the same time, Li Yuan was giving orders.

"At the position of 25,000 US dollars, use 10 times leverage and continue to enter!"

Li Yuan asked Kingkong Capital to sell part of the contract. After receiving the money, he directly added leverage and reopened the contract.

Because today’s rise was so crazy!

Around ten o'clock in the morning, there was a certain degree of decline, and by twelve o'clock in the afternoon, the price of Bitcoin was only nineteen thousand US dollars.

Li Yuan took the opportunity to ask them to issue a batch of contracts, but because the workload was too large, they only issued contracts worth about US$500 million in total.

He knew what the dealer inside was doing.

Because it’s almost twelve o’clock, and it’s a new day on the other side of the Atlantic Ocean.

Looking at yesterday, it only rose by 30 points. If the price remained at 22,000 US dollars, it would be more than 50 points.

There is a big gap between the two.

The former will make some headlines, the latter will make world headlines.

In this position, they dare not attract the attention of the whole world, and the current funds are enough for them to play with.

Otherwise, if other big funds rush in to short sell, everyone will have to give up and start over.

Li Yuan's short positions have all been cleared, and he lost US$1.1 billion on this contract.

After twelve o'clock, the price of Bitcoin immediately surged, and in less than three hours, it reached 25,000 US dollars.

They played too hard this time, and it was probably because of their own participation that their profits did not meet their expectations, so they could only squeeze those short orders even more frantically.

This shows the other party's courage.

In the previous few operations, I entered the market to grab the profits, but the other party refused to give it to me, and then...

It can only be said that the current bankers have a higher vision. They know that Li Yuan’s interests are consistent with theirs, and both parties are partners.

If we were to target Li Yuan's long orders, how could we do that? There was no other choice except to crash the market.

Let’s not talk about the situation where you hit yourself, but what if someone else grabs your chips after you hit yourself?

The game was set up with great difficulty, and no one would give up a piece of meat just for a sip of soup.

At this point, Li Yuan also knew that he was doomed to fail, and all he had to do was be careful not to be tricked.

Moreover, there are more short orders on the market than he imagined, starting from 19,000 US dollars and ending at 25,000 US dollars. He has already put in 4 billion US dollars with 10 times leverage, just to see how long the dealer behind the scenes can endure.

Knowing the other party's psychological bottom line, it will be easier for him to operate.

After all, if you run away now, you will definitely regret it.

It's clear that the goal is to reach 30,000 US dollars.

He can't hold on any longer. In ten hours at most, he will find a way to clear his inventory no matter what.

He asked Kingkong Capital to put in the last bit of money they had in order to force the price to go higher.

He never touched the contract of Chen Jie's account because it was not important.

At 6 p.m. on Monday, Bitcoin hit a high of $27,000.

Li Yuan no longer wanted to play with them; he felt something was increasingly wrong.

Obviously all the accounts are making huge profits, but the profits come from nowhere.

Let’s put the money in the pocket first.

At this level, he can accept it even if the price rises to $30,000 later.

After all, the dealer has gone completely crazy!

"Begin the retreat! Everyone must evacuate within six hours."

Li Yuan also began to retreat.

The initial $300 million, with ten times leverage, cost $6,000.

Now it has risen to 27,000 US dollars.

Although he lost $1.1 billion due to a short order in the middle, it was really nothing compared to the overall situation.

The current contract value is US$11.6 billion. If all can be sold at this price, the net profit will be about US$9 billion.

In comparison, the contract value of Sky Capital is higher.

Later, they invested ten times the leverage, most of which was invested just after twelve o'clock, and the total contract value was about 16 billion US dollars.

However, after removing the 6 billion in leveraged funds, there are only 10 billion US dollars.

From six to eight o'clock, Li Yuan's actions were relatively slow. He was also worried about affecting the operations of Kingkong Capital, so he sold contracts worth nearly ten billion US dollars.

The most important point was that he could clearly see that more than 5 billion US dollars were traded in these two hours, but the price did not go down.

Even if there is liquidated funds scrambling for chips, it won't be so crazy.

This shows that the dealer has a tough attitude towards taking over and has a lot of money in his hands.

At this moment, suddenly there was a voice coming from the other end of the phone.

"Boss, our contract cannot be concluded!"

Li Yuan suddenly lost all his sleepiness and asked, "What do you mean?"

"We have only sold $2 billion. No matter what we do, the contract just can't be sold, even if we lower the price to $26,000."

"Did you unplug our network cable?"

"It should be... yes..."

Li Yuan closed his eyes and took a deep breath.

He only put out 2 billion US dollars, which means that the other party was very clear about his capital, and the extra 500 million US dollars was regarded as his hard work fee.

As for those contracts, if you can’t sell them now, don’t even think about selling them later.

Unless they wait until they have eaten up all the profits.

Maybe it will be worth a little money by then, but who knows when? Leveraged funds have costs. 4.5 billion leveraged funds cost 450 million US dollars a year. Once the price of Bitcoin falls to 2,000 to 3,000 US dollars, after deducting the handling fee, at most 500 million US dollars will be left.

Li Yuan has no doubt that Bitcoin will fall to two or three thousand US dollars this time.

After all, the higher you climb, the harder you fall.

In the previous life, the highest it reached was 20,000 US dollars, but next year it dropped to more than 3,000 US dollars.

Now that we have overdrawn so much in advance, the bottom line will definitely be lowered.

"Wait for my news."

After Li Yuan finished speaking, he began to sell the contracts in his hands generously.

He wanted to see what was going on.

Since Sky Capital has already cut off its operations, I guess there is no way I can be spared. Perhaps the program settings will be triggered after I sell $2 billion.

No wonder they are so crazy, it turns out they have already prepared some tricks to cheat .

Especially since they knew that this big client of theirs had come in through a back door, they probably programmed themselves right away.

No matter how high the leverage you get later, you can only help them, because the money you can make is limited.

Billions of dollars have been invested before, but the price has not come down. Even if Li Yuan spends more crazily, the other party will still be able to afford it.

But Li Yuan felt something was wrong.

He has already taken out 2 billion US dollars and nothing has gone wrong.

He was out again for a while.

After he sold three billion dollars, he frowned.

No problem yet.

Why did something go wrong with Sky Capital?

He called the driver.

It was almost ten o'clock when I arrived at the company.

He fell asleep on the way and was woken up by the driver when they arrived at the garage.

After shaking his limbs and feeling a little more alert, he walked into the elevator.

There are only a few traders in the office, and everyone else has gone home long ago.

After going to the trading room, he personally verified it. Facing the price of 28,000 US dollars, it was really...