/biz/ - Business & Finance

>>49641382
SOLANA
==
ANAL.sol

>7,282.1 xmr short
>1,374.6 xmr long

What do i know ?
FTX runs an aggresive MM algo that will try to hunt high leverage positons with nominal value > 100$.

>Problably
we can open high lev longs (10x or more) on FTX so the algo will hunt our positons by selling spot on binance, those will be liquidated but it's the price we have to pay in order to make it work.
Longs must be opened again on liq events.
>eg.
>i wan't to buy 10000 xmr ($1.2M @ current MP)
>i opens lev long on FTX with negative funding, i'm litterally paid to play like this
>liq price 108, liquidated repeat
>liq 97.2, repeat
>liq 87.2, repeat
>liq 78, repeat
>liq 70, repeat
>liq 63.
>Now i can send bulk buy orders and probably i will get filled with a cost basis below 75$. ($750k MP)
Let's assume this startegy costs me $30K liquidated on FTX, i still have $420k left to buy BTC.
This way we can MM XMR price lower and buy out their bags for cheap because they will try to crash the spot price.

They will try to close their shorts but there is nobody except them selling perp, this mean they will try to close without liquidity.
They won't buy spot since it's against their short position + i made them sell it to me...

They can sell fakes IOUs but how long before binance break the agreement with FTX ?


>note
FTX futures algo is extremely aggresive with high leverage, you can use it to litteraly manipulate low cap altcoins and make profits with larger spot postitions on other CEXs.
So far it worked for me for the past 4 months.
Now i'm sharing this with you anons because i feel the moral obligation to do it. After the SOL, AVAX, SRM, SPELL, TIME, LUNA, WAVES, CELSIUS etc. saga i think it's time for this music to stop.


Now watch them making HIGH lev unavailable to users in 3,2,1...