/biz/ - Business & Finance

Ok, I'm a busy girl and I don't have much time left to wait so I'll count in my own dubs.

I'll give you a short version tho. It's a liquidity grab. Some of big CEXes fall short on liquidity, especially the "short" side of order book. Long/short ratio is somewhere around 30/1 and CEXes are so desperate, they're manipulating the whole hell out of it, especially KuCoin since they'll be the ones implementing 1.2% burn tax on LUNC. Guys from inside are speculating KuCoin will gain lots of new customers with this simple trick and they're trying to go down in history as saviours of LUNC before CZ can do anything. Regarding CZ, he's not the only one in charge so it's not up to him to decide all the right moves but he is doing his best to play it all out perfectly. Expect some news from binance eom or next month.

Also expect it to drop to 35-37 before we rally to 90s or even knock down another zero. If you want to buy, next week will be your last chance, after that consider yourself being priced out.

Ok peasants, I have to go now.