/biz/ - Business & Finance

>>49834834
the celsius rumours are bullshit, you can see from the chain that they've withdrawn and dumped their bnt...and the volume on ftx doesn't support big short positions...this is folio hat shit. you can see it from the pic rel.

the problem is that now many of the reg users want to leave and they don't have enough liquidity to pay them off. in other words: gg, you got once again fucked by the man, better luck next time.

welcome to the insolvency musical chairs

My advice: If you're in the front of the withdrawal line, wait and pull out as soon as you can, if you're not, take the loss and at least get some of your stack back because the risk is not worth it.

First graph on the left, the big pole is celsius pulling out 52 mil wETH from bancor and the smart contract printing BNT to cover on the right graph.

Now look at the next big pole, much less pulled out, but much more printing in comparison. All that will be released tomorrow. And look at how the bnt mints getting relatively higher - all that grey is link being pulled out - which they don't have, so they need to print more and more bnt.

have fun slurping the dip.