/biz/ - Business & Finance

>>49727432
token not needed.
/thread

>>49727432
It means sergey will betray again

I normally fud but here have a bump. I noticed a lot of sus shit happening with link, this big dump happened right after link broke out against the entire market to 9$

>>49727432
Already happened in 2020 when Simeon tried to short Link. It got way worse than 40% back then. IIRC Link got to >10% APY there at some point. Aave eventually liquidated him and the platform handled the liquidation just fine. But yes, there is no reason to spot borrow Link currently other than to short it.

>>49727576
I'm still going to shit on linkniggers since that's the most fun, but even I couldn't help but notice the massive shit everything took when link was pumping like a bsc shitcoin.

>>49727432
2 doesn't make much sense. You'd pay way more bumping up the APR and aave fees than just buying.

It's just shorting fags.

Only thing which is definitely sure, take your damn link off any exchange or third party service ASAP. Goes for any crypto at this point

>>49727734
aave is defi, short of a hack it's completely fine

overlayed loan demand with LINK's price
it appears that the increased demand for loans (APY 1% -> 3%) coincides with LINK's dump from 9$
interestingly, i couldn't notice a similar pattern with other coins. no such pattern with BTC, no such pattern with ETH, only LINK (pointing this out for people who might claim that it happened as a result of the crypto crash in general)

>>49727626
>>49727715
yeah i am increasingly thinking the same, it feels like a short
question is, who is doing this. gonna fiddle around aave's wallets

>>49728132
Link has been generally performing worse than most alts so maybe that's why. That said as of about a week ago it has been performing on par with most alts so whoever is planning a short is about a year late.

>>49728051
I'm not saying aave will stop working, I'm saying you'll get liquidated by various wicks if you have any loans open there

can you fucking niggers stop loaning your link out for 1% apr maybe we can fucking moon for once

>>49728634
I do but my liquidation would have to take it to just over a dollar and within a day to stop me realistically just paying it off.

it's definitly a short position, you wouldn't need to borrow something to be long it

>>49727432

I stalk this for years. Its very atypical.
I think since it started literally at the bottom last month it’s accumulating with intentions to be liquidated later. They are likely buying spot too. As you know its to avoid slippage.
This happened several years ago too.

It makes little sense to short the lows here the risk reward even in this macro is retarded to hedge like this.

There could be a liquidity crisis as you said but its crypto man. Those kind of people just rug. They dont try do this kind shit to pay back creditors lol.

>>49727432
>Place 'stablecoin' as collateral
>'borrrow link'
>NEVER GET IT BACK

AHAHAHAHAHAH YOU ARE NEVER, EVER GETTING THESE LINKIES BACK YOU STUPI MOTHER FUCKERS. NEVER, YOU AREN'T GETTING THEM BACKKKKKKKKKKKKKK

>>49727715

Thats not true nigger.
Buying 40m link on market will pump it over 100% for sure. No doubt at all. It will take a fucking long time to accumulate it at spot without slippage.
It is likely they are accumulating slowly at spot in addition to this. Once they get “liquidated” on aave after it pumps they end up with a huge position at way lower cost basis.

It makes no sense for anyone with any braincels to have started borrowing to short little after its 90% down and exactly at the bottom last month. People with that kind of money dont hedge like that, its absolutely retarded.

>>49727432
a hedge for a long position

>>49729389

How does that position sizing make any sense for a long position hedge. Unless its being collectively borrowed by lots of different people(extreme doubt on that).

>>49728887
imagine loaning out your stinkies on a defi platform so whales can short it into the ground.

>>49728887
is it bearish that link holders are dumb enough to be doing this?

>>49728887

>>49727432
https://etherscan.io/token/0x0b8f12b1788BFdE65Aa1ca52E3e9F3Ba401be16D#balances

whale #1
controls almost 18% of the debt (nearly 1 million borrowed LINK)
also owns another 0.5 million LINK of his own
loan fully collateralized by wrapped ETH
28 days old address, funded from OKEx

whale #2
14% of the debt, 45 days old
again fully collateralized with ETH, again funded from OKEx

whale #3
12%, 8 days
ETH, OKEx

whale #4
10%, 87 days
ETH, OKEx

whale #5
10%, 35 days
ETH, OKEx

whale #6 (9%) is the only legit looking wallet, you can check it yourself
https://etherscan.io/address/0x712d0f306956a6a4b4f9319ad9b9de48c5345996

whales #7, #8 and #9
7%, 6%, 5%
65, 80, 85 days
all collateralized by wETH (and having no other assets)
all OKEx

so yeah something extremely fishy is up
it feels like all of them belong to the same person, either a whale who uses OKEx or OKEx dabbling in manipulation themselves (looks like they got quite a tarnished record)
divided wallets either for safety and/or to keep their track low, but obviously it's the same person

did my part marines
spread the word, ignore this, try to get some crumbs yourself, do as you wish
WAGMI nonetheless

>>49729389
>>49729254
>>49729352
with the new info i got, this is basically shorting LINK against ETH
it feels weird

>>49729897
>this is basically shorting LINK against ETH
hmmm and LINK just keep pumping against ETH day after day?

>>49729579

>>49729357
>It makes no sense
>anyone with any braincels
>its absolutely retarded.
Yeah I'm thinking it's exactly what's happening

>>49729897

True. It does look like that now.
Maybe they are hedging with link short as link has good liquidity?

Just seems strange to hedge by shorting Link now of all times. Its lowest value for years, when there are so many absolute shitcoins with nothing going for them anymore that’ll get way more raped in this macro environment

>>49729956
as previously mentioned, rather than a mere short it could also be an attempt to buy LINK with no slippage
because if they tried to buy tens of millions of LINK normally it would pump the price, reducing their ability to accumulate
if they do it like this instead, they could simply take the liquidation penalty and be glad for avoiding massive slippage

but ultimately my guess is as good as anyone else's

I unironically got my 8k stack liquidated on aave during the massive dump a few weeks ago and am just here hoping everything goes to zero to make myself feel better. I want to kill myself

>>49730086
really?

>>49730183
Yep. hope the entire market rugs so you fuckers feel like me. I will pray it happens

>>49730086
If so I'm do happyyou deserve it for being complicit in the surpression and hurting every other link holder who didn't recklessly yield off their stinks

>>49730279
I hope link pumps while you seethe watching it like a cuck

>>49729897
can we do some more digging into who the fuck is this guy or company?
could it really be the OKX exchange?

>>49727432
Maybe it's some jew trying to get around an employment contract that says he can't buy LINK off the open market, so he's just borrowing it.

>>49730279
hahaha get rekt you greedy fucking faggot.

>>49730279
If the Lord answered your prayers you wouldn't have gotten liquidated, Rajesh.

Im so glad Im too retarded to know how to use defi.

t. 14k stinkies

>>49728887
this. /thread

>>49729897
>>49730064
What if this was the manifestation into reality of the truth now that liquidity is drying up?
For example after shorting LINK by selling the LINK owned by their customers to buy ETH and stake it for better returns they are now in a liquidity crisis and need to de-risk, but don't want to take losses like gamblers and used an intermediate solution of putting there situation into reality?

They don't want to buy back LINK at a loss and hope for LINK to dump more, but if it reaches a certain point they will reach a margin call through AAVE and be liquidated and forced to take a bigger loss, however this loss will be less if it were from an exchange with no liquidity.

>>49727432
You know the apy could be higher because 3ac got fucking rekt along with every other vc leveraged to the gills

>>49732183
I meant the loss will be less from AAVE liquidation as from an exchange with no liquidity.
They have a motivation to not want to see LINK pump vs ETH seen through this loan.
If we could manage to pump the LINK price vs ETH enough we could liquidate them and create a liquidation cascade through margin calls for every market participant doing the same thing.

>>49729897
What is the LINK/ETH liquidation price for this loan?

>>49732275
In order to do that you would have to coordinate on here, which will get to twitter. They will probably stop at that point.

>>49728887
Just put 1 million link on aave you retarded, frog posting incel

>>49729579
They expect some of us in the wreckage

>>49732522
checked and wreckage pilled

>>49732415
They can't stop. That's why they are taking this loan on AAVE.

Ego is the biggest weakness of gamblers who can't accept a loss and even the best traders need to keep fighting their ego.
CeFi market manipulators and exchanges are completely naked when facing their ego with a real market because they only know how to play when they have full control of the market.
That they were forced to use AAVE shows a great weakness as they are exposing themselves to the public view.

LINK has been behaving strangely lately. It dumped the most before ETH and BTC dumped but after the initial dump it didn't move a lot and recovered better.
This aligns with the incentive of someone who wants LINK to dump vs ETH fighting low liquidity and sell pressure.

>>49727432
I figure its simpler than those big machinations.
There has been a lot of liquidations recently
You can look at https://aavewatch.vercel.app/market/aave/link, there's been no decent sized borrows in link for a long time

>>49732275
It's very probable many other big players are in a similar situation but are hiding it using exchange or CeFi hidden accounting.
Even if this player tried to hide this and stop borrowing the liquidation level for margin calls should be similar for all the players taking part in this short even if it is hidden.

>>49732750
>>49727432
Nm, I'm full of shit, was on the v1

https://v2.aavewatch.com/market/aave/link

>>49732787
meant for >>49732415

LINK needs to reach $16.4 for the biggest wallet to cause a liquidation with the ETH price remaining the same.
https://etherscan.io/address/0x9571140e9e02dd219f9984d1b2df771cef207626
That's a 3x from current valuations with something like 0.015 LINK/ETH

I made a mistake and looked at owned LINK instead of the LINK debt.
990k LINK was borrowed which is almost double the previously calculated amount.

>>49727432
it means LINK will go to the shitter

The first address would start being liquidated at $9.06 LINK with the current ETH price, or a 0.0082 LINK/ETH valuation which is a 37% increase from current valuation.

Interestingly LINK was at $9.6 a few days ago before the market started to shit itself.
Wouldn't it be funny if LINK started the liquidation cascade of some of those big players?

This would explain why LINK's price and ETH BTC valuations recovered quickly after each dump.

This could explain the fud campaign we saw on /biz/
If you are a giga whale shorting a token to 0 it's meaningless to keep the price at $0 after short selling tokens you don't own if you can't buy them back.

This is similar to the GME situation in a way.
The exchanges may have sold more LINK than they owned to keep their ETH staking side business and L1 scam pumps as Chainlink didn't give them preferential prices for the token and they couldn't profit with an easy x100 on it like for the other L1s.
By doing this they removed a competitor which would have attracted customers and forced the retail investors to buy their shitcoins instead after destroying the sentiment of the Chainlink token.

However after Sergey stopped selling tokens they were caught off guard.
They were unable to cover their missing liquidity and are fighting for their life against a margin call from their users withdrawing the tokens.
Crashing the market after Sergey stopped selling tokens could be a form of desperation from those who did this.

But if this is true LINK tokens are not safe on any exchanges.

>>49733129
Aave isn’t like bancor. Every token is accounted

>>49733129
Sounds like hopium
You dont seriously believe that everything that happens in crypto is tied to link, do you?
For the last 2 years link has acted like every other altcoin, its down the same amount as all the others, I think it would look much different if it was actually that important

>>49733164
AAVE is the top of the iceberg and what can be seen.
What if Okex or a CeFi platform through them sold more Chainlink tokens than they held?
You would not be able to see this through the public blockchain but only through private accounting of if users tried to withdraw everything.
What if AAVE was an insurance one of the big players took, but others were too deep in the scam to do the same thing?

>>49733208
>You dont seriously believe that everything that happens in crypto is tied to link, do you?
>he doesn't know

We are witnessing a big player taking down the complete space of CeFi platforms with it because they used under collateralized loans like traditional banking and lost more they could afford to lose.
This doesn't seem like something impossible for them to do.

Everyone hoped for the crypto space to be different and bring new hope to the world but what we got instead was the same corruption and greed as in the previous space with CeFi or the MEV mafia.
This would fit perfectly with the state of the space.
Chainlink was the best performing coin during the bear market and VCs missed out on it.
If they wanted to dump their L1 coins they acquired for nothing in private rounds at a 100x markup they would want to destroy their competition by displaying a bad price performance for a coin they didn't own and would take liquidity away from them.

>>49733213
If everyone tried to remove their tokens from aave would they get their tokens or would they get nothing? That’s what I mean every one is accounted for. If I’m wrong I will admit it

>>49733208
>without fail, EVERY SINGLE piece of good news for link results in a BTC dump
>for years on end
it revolves around link

>>49733346
I don't know the AAVE liquidation mechanism well but it should increase the borrowing rates to a very high % until the borrowers returned their loan and lenders could only remove what's available on AAVE until then.
In the case of a liquidation then AAVE would buy back those tokens on the market.

What I meant however is the balance of exchanges.
No exchange displays their real accounting like AAVE.
The only limit an exchange has is the amount of tokens users withdraw from it.

An exchange can short sell a token they don't own as long as the users who buy it don't try to withdraw.
The same thing as for CeFi platforms like Celsius enforcing a HODL mode after the bank run starts and there is no liquidity left.

What if one or more exchanges took a bad hit through a big player given the right to short sell or were part of the scam? You would not be able to see it until the platform went bankrupt or the users withdrew everything.

There was once a campaign to remove LINK tokens from Binance which caused the price to pump.

>>49733346
>>49733456
The hell is going on with MANA?

>>49733725
https://app.aave.com/markets/

If someone using the power of an exchange was short selling LINK they may have planned on the token dumps to continue for longer.
I don't have the exact numbers but something like 100 million tokens are on exchanges and Sergey sold something like 50 million tokens last year?

What if they made the calculation that they would short Chainlink by selling more tokens for example selling 200 million tokens or 150 millions during the bull run to destroy the price by adding more selling pressure and were planning to buy back during the bear market later?

Isn't it strange that the market dumped shortly after Sergey stopped selling?
Maybe he knew about this?
Maybe the big player doing this had a panic moment and thought he could liquidate enough user and force them to sell to recover enough tokens.
That would give a very good motivation to suppress all positive news with BTC dumps and an exchange or very big VC would have the resources to do it.

The very interesting part is that Nexo has been actively taking part in the fud threads last year and openly shorted LINK multiple times.
As a CeFi they must have played a role in this and were a partner in crime.
There may be a way to find out which big players is facing bankruptcy through LINK shorting in this case by looking at who their biggest partner is.

>>49733725
I don't know that token well, but naked shorting almost dead companies is a strategy that is often used in the traditional word by corrupt hedge funds.
The idea is that you sell an insane amount of something without owning it to crash the price and then force the company into bankruptcy by forcing them to repay a loan you bought back earlier.
After declaring bankruptcy the exchanges stop looking at the number of stocks owned and this way they can hide the fact that they sold 10 times more stocks than what was in existence or available liquidity.

Melvin capital for example did this and had losses when they did this to GME after people bought more and started a short squeeze on them.
In a bear market it would make sense to see the same strategy being used on every altcoin seen as with no future.
All the exchange has to do is buy back later at a lower price what they sold and hope users don't withdraw their tokens.

What's interesting in the current situation is that big players are facing liquidity issues and margin calls.
They are in a situation of weakness and need to cover for their missing token as much as they can to reduce their risk exposure.

>>49732415

Can already smell the twitter faggots lurking

>>49733725
It would be funny if this was the sign of a future short squeeze for MANA, but very likely as the main reason to borrow a token is to sell it.
You can either sell it later after borrowing it or sell it before borrowing it through naked shorting and then search for liquidity on DeFi platforms when you are desperate.

So the token is needed after all

aLINK token needed

CeFi platforms lent their liquidity for interest to other hedge funds like 3AC without knowing what they were doing with it until the losses accumulated and they couldn't repay their loan.
What if we had this situation with multiple altcoin which tanked and also with Chainlink?

Margin calls are happening and the more they are forced to sell the more lenders have to cover for their lost tokens.
We are in an interesting situation where getting another ETH capitulation to $600-700 could cause multiple bankruptcies and quickly cause the price of a few tokens to have a short squeeze.
However the big VCs who stand to lose from this don't want to see this happen and are desperately trying to keep the price up.

To get an idea of what a short squeeze looks like we can take a look at CEL which went from $0.09 to $2.57 in 2 days, a 28x in less than a week.
When faced with such a high risk taking a loan on AAVE with a 10% liquidation penalty is very cheap.

>>49734350

It’s likely the staking announcement is also scaring them into a hurry because they likely know people will be withdrawing a lot of liquidity from then forward.

>>49734350
I squeeze my link every night before bed. In the morning, I eat bread with marmalade.
>good bread
>good marmalade

Does anyone have a chart of link supplied to Aave vs borrow interest over time? I’ve noticed interest rate going up lately but just casually observing it has appeared the increase is more from link being withdrawn from Aave as opposed to substantially more borrow interest

>>49733208
>You dont seriously believe that everything that happens in crypto is tied to link, do you?
No, because the normans are unaware and make up part of the market. So saying everything is too far. Once NPCs decide they want to buy link then yes, everything will.

>>49734350
now this is the elaborate hopium I come here for

>>49727432
Maybe they think this is the bottom for Link and borrowed it out knowing it can't go lower than that?

I suppose now is time for us to begin the Great ChainLink Short Squeeze? Personally, I think the world would be better if some VCfags roped. How do we begin this process? Start market buying link?

>>49729357
>Once they get “liquidated” on aave after it pumps
why do they get liquidated if it pumps?

>>49733208
I mean any genuine usecase of blockchain requires Decentralized Oracles. And no competing oracle solution can defeat Chainlinks network effects. A derivative can be written on any layer one chain, but every layer one chain NEEDS link to function at all.

Right now LINK is less than 1% of Bitcoins marketcap when in reality it is probably going to be worth a order of magnitude more than bitcoin.

>>49735068
If you have a short position, then you’re banking on the price going down. Meaning, you borrowed link and sold it for cash. If it dumps, you buy back the link at a lower price and then you keep the difference. If link pumps after you sold the borrowed link then their position is under water and you are in debt. If the price keeps going up, you are forced to buy the link at market rate to repay the borrowed link meaning you lose money. If it goes up ridiculously, you get liquidated, all your assets are sold to reacquire the borrowed link because it was never yours.

>>49727432
Can you explain to me how does it work? You loan your Linkies out and they use them to short link eth chart? Why just don't use usdt to short link? And why to short the ETH/Link chart that is at the bottom?

>>49730279
Dumb piece of shit go fuck yourself you pathetic scumbag.

>>49730279
What part of Swing linkers swing from ropes did you not understand?

What did this wallet do with stETH?
https://etherscan.io/address/0xb2b2773c2e646e6f2a7c84ba5b32480edeccd4dc#tokentxns

Did they borrow stETH from AAVE to exchange it for ETH on curve?
Did they arbitrage with Curve the time when stETH went below 0.9 ETH?
Is this an exchange wallet?
Why would they do this?

It withdraw for example here 2000 stETH from AAVE
https://etherscan.io/tx/0xabf24d38847aa0805f436757131bc9bd7578bcbb3eaf56564aaaf07324ec8aee
Then transferred it to Curve
https://etherscan.io/tx/0xce4c5e490ca4b10a794dc55a2335265adab214ac338d2c83ec16752a0190998a

And got 1902.4ETH for it in the previous tx but can be seen better here:
https://etherscan.io/address/0xb2b2773c2e646e6f2a7c84ba5b32480edeccd4dc#internaltx

This was on the 10th of June when stETH started losing its peg.
They caused a short scam wick pump at that moment.
Did they try to defend the stETH-ETH peg initially?
40 days after taking out a loan to borrow LINK using ETH as collateral.

This would fit with my theory that big players sold LINK to buy ETH to get better returns with less risks using staking.
They are now fighting against liquidations both through the stETH to ETH peg, and LINK/ETH valuation.

>>49735508

Celsius probably m8. There are a bunch of VC funds balls deep in sEth too.

Honestly it’d probably be extremely profitable at this point to wreck them. There is a lot of liquidity and convexity not in their favour by the look of it. All it would involved is pumping Link.

They have not much time as when staking arrives liquidity will be further locked up

>>49732969
>>49733003
>9.06 liq
>at that price a few days ago
someone is using alot of leverage on this. alot.

They borrowed 400k LINK on the 2nd of May when it was at around $12 and likely dumped it on their exchange to $5 a few days later in the last mega dump...
The owner of this wallet is partly responsible for the price crash of Chainlink when it went below $10.

>>49729897
Nice work anon.
There is no way someone could be shorting link against eth rn.
This has to be some sort of hedge against a link long.
Still a stupid play.

>>49735610

If you haven’t noticed, the market basically broke wince Luna. All the VCs that created this fucked up ecosystem over the past 2 years are collapsing and exploding. Celsius is just a big public one. Behind the scenes clearly they are puking and having to unwind here and do risky hedge there.

Eth is getting raped hard core the past week because of this. Link was basically ignored by them all bullrun and likely used as nothing more than collateral by either Cefi who loan it out, or retards who just thought it was a liquid coin. Now they are probably being forced to pay it back to users, or trying to hedge other losses with it without realising it doesnt have the same sell pressure or VC ponzinomics.

This is probably why Link has started to behave strange

Borrowed another 200k on the 10 of May to dump from $8 to $5 the next day.
Then borrowed another 160k LINK on the 17th of May when the price was starting to recover at $7.6.
They likely dumped the next day the price from 7.8 to 6.8.
However it seems they did not plan for LINK to pump after the announcement of staking before Consensys and were caught in a bad situation with too much leverage and not enough capitulation and forced sellers to pay back that debt without taking a loss.

They must be connected with the pump and dump fud posting we saw on /biz/ before Consensys.
They still didn't pay back their LINK loan meaning they could be short squeezed on this if the price goes up.
It seems they are either planning for a final capitulation or the Chainlink team got them off guard with their early announcement.

>>49735568
>>49735610
It seems they don't want to close their LINK shorts and kept adding to it by increasing their leverage on AAVE and borrowing more.
If LINK goes back to double digits they will be at a loss on this short and these wallets may have been the reason why Chainlink lost its double digits.

Someone could make an info dump picture on this later like with Nexo.
We know its connected with Okex at least.

>>49731402
Kek same
Based

>>49735693
i loved luna i made so much shorting. id sell, immediately limit order 20-50 cents lower, and it was filled in a few minutes.
also, im not surprised. link always had weirdass price action compared to everything else. it always follows the market then completely diverges for a little while before going straight back. im hoping link goes to $3-4 so i can slurp. my schizo stack of HBAR, XRP, XLM, and LINK is almost where i want it

I think they may have been planning to liquidate the remaining AAVE borrowers using LINK as collateral but Sergey played them by releasing the staking news before Consensys.
Now they are stuck.
An approximation of their operation would give the following:
400k LINK sold on 2nd of May for a $11.5 average
200k LINK sold on 10th of May for a $8.3 average
160k LINK sold on 17th of May for a $7.5 average

The Chainlink team fucked them up massively and Chainlink would have reached $3-4 if they had waited for Consensys to release the staking news.
Their average optimistic cost basis is $9.8, but it could be a bit lower by 1$ because they are the ones who caused the price dumps and likely market sold to cause it.
They borrowed stETH later to defend the peg with ETH at a loss which probably decreased their liquidation price.

If someone manages to pump the price to $10 it could cause them to be liquidated and eat losses for shorting LINK.

We should check what the other wallets did.

>>49733912
warning
warning
gme fag spotted
ignore
ignore

>>49733308
>>49733402
Ok but links price action has been a complete joke, you would think that the most important valuable coin would be trading for more then 6$ after 5 years of development, integrations and partnership.
You must admit that you are extremely biased, you must believe that link is this important because many of you are gambling your lives on it, so you will be biased towards the positive and ignore any doubt that its not as good as you think because this would shatter ur dreams..

>>49735884
i am honestly hoping they dont get liquidated. wed get one more time to slurp if they short it, and the damage a short squeeze would cause would be catastrophic.
>whoevers shorting that much link obviously has a ton of influence, possibly an exchange
>whoevers shorting this is ruined, and if its an exchange they could go under
>if its a exchange customers could be fucked too
>link pumps, tons of retards buy all the way up to the top
>they all get burned along with shorter from the inevitable short term dump
>retards will continue to demand even higher
>makes crash worse
>an exchange going under, its custies get fucked, retards lose money on pump

this is the final nail in the coffin for international super-regulation

>>49735931

Short squeezing has been common vernacular here and elsewhere long before you learned about it from GME.

The second wallet seems to continue this effort.
https://etherscan.io/tokentxns?a=0x9571140e9e02dd219f9984d1b2df771cef207626
They borrowed 990k LINK between the 19th and 24th of May and likely used 440k of it to sell shortly after.
But if this is form an exchange they can sell something without withdrawing it from the wallet.
They may have caused the mini dump between the 25th and 27th of May from $7.3 to $6.2 and were trying to break the price support.

It seems they failed as the price started pumping from the 28th of May from the staking news just after.
They are left naked in front of the market and refuse to take their losses but still have 550k LINK unused in this wallet waiting to dump one last time.

>>49735989
If the one who shorted LINK goes bankrupt then nobody else will short LINK after that out of fear and those who are doing the same thing will cover their shorts out of fear of a margin call.
This group made money from shorting LINK by borrowing it from the AAVE borrowers.
If they succeed they make at least half of the price of the token in profits and the AAVE lenders get a minuscule 0.1% interest for 1 month of borrowing at the cost of losing half their wealth in $ by helping short sellers.

A very easy way to cause a short squeeze and force this platform to stop this and buy back the token which would pump the token price a lot would be to ask AAVE lenders to withdraw their liquidity.
This would pump the %interest to insane levels and prevent Okex from shorting more and force them to close their short.

I didn't know all this happened behind the scenes and the Chainlink team protected us from these greedy evil short sellers.
Good job Sergey and the team!

This is the strange price movement I have been seeing for a few days.
Every time LINK had a quick and big dump before ETH and BTC started dumping more but then it didn't move and started to recover instead.
Okex was selling each ETH dump in the past 4 weeks hoping for Chainlink holders to capitulate.

They still keep doing.
The 3rd wallet
https://etherscan.io/token/0x0b8f12b1788BFdE65Aa1ca52E3e9F3Ba401be16D#balances
Took 300k LINK on the 8th of June and likely dumped during Consensys at $9.

Took another 350k LINK 2 days ago on the 15th of June to dump the price from $7.5 to $6.2 in the last dump we saw.

Chainlink won't pump until we liquidated these assholes or we empty AAVE from LINK and remove their liquidity.

>>49736077
You have a very active imagination.

>>49736189
and you are working for Okex

>>49735972
OP explains the whale games with much more patience than I can even imagine having. You are gifted a golden opportunity to read up, check the wallet movements to confirm you're not being bullshitted, make your own conclusions and hopefully learn how this market actually works.
So shut up and read, nigger.

>>49736176
I've been doing my bit by slurping everytime it hits almost $6

>>49736189
Isn't insider trading and market manipulation illegal?
When are you going to jail?
After your company's bankruptcy?
They certainly won't hesitate to protect themselves by using you as a meat shield and saying they didn't know you were doing this.

>>49736223
Good job!
We need to unite and short squeeze them.
If we could remove the remaining liquidity from AAVE and pump the price to $9 we can get them after enduring their final 550k LINK dump.

>>49735989
Uh, no. Fuck all those people. They deserve to lose everything.

https://etherscan.io/tokentxns?a=0xa61cdce44a6bd45261b4c3de760986e4e56f5666
This wallet borrowed 410k LINK on the 30th of May and likely dumped on the 2nd of June from $7.7 to $6.7.

For every big LINK dump in the past 4 weeks I can see one of these wallets borrowing LINK from AAVE and the moving it to Okex...

Can someone explain how short selling on aave works?

>>49728887
Kek the seethe, i made over 2k link in DeFi since 2018 on my 12k stack

>>49736311
You borrow LINK from AAVE and sell it on exchanges then buy back the sold LINK later for a lower price after capitulation.
This didn't work well for Okex as the price didn't go down with no capitulation thanks to the early staking news and they would be forced to buy back 5 million LINK tokens with no liquidity at a much higher price.
They will chose instead to fight until the end and will dump their remaining 550k LINK in a last attempt and if it doesn't work out they will let AAVE liquidate their loans as they can't buy back 5 million tokens on the exchange at a low price.

>>49736379
That 12k stack would be worth x20 as much now if you didn't lmao.

>>49727432
>in that case you should get your link the FUCK out of aave ASAP
We've been telling idiots to get their Link off of celsius, nexo, and all other lending platforms since 2020
They don't listen nor understand they are their own worst enemy
There is nothing you can say that will convince them either. All you can do is mock them when they lose everything.

This is the 5th wallet:
https://etherscan.io/tokentxns?a=0xa2bbdb60533a30f78fc9eda98b727fab76bfd532

They borrowed 550k LINK on the 12th of May and withdrew it on the 16th of May.
They likely dumped it on the 18th of May from $7.8 to 6.8

I don't have the calculations for all their sells but their cost basis must be in the $7-8 range.
They are currently barely at break even or with a slight gain after selling 5 million tokens.
It seems the buy pressure from LINK marines, investors after the Chainlink team's efforts were stronger than their dump efforts and organized fud campaign.

We are close to the end of this nightmare if we can buy 550k tokens more and add more pressure on these guys.
Can someone contact Chainlinkgod or another twitter e-celeb to transmit this?

Could someone make a short infographic to explain what's happening and how to fight Okex?

We need to remove our liquidity from AAVE and Okex in priority and for the rest add more protective buy orders to not cause a capitulation below $5.5.
Removing LINK from every other CeFi and exchange could also help as what we can see from AAVE may not be everything that has been dumped.
If people knew the reason for the bad price performance after the staking news it would give them hope.
If we can get the price to $9.3 it should start to put a lot more pressure on them and cause a short squeeze back to double digits.

>>49735884
>The Chainlink team fucked them up massively and Chainlink would have reached $3-4 if they had waited for Consensys to release the staking news.
you could clearly tell the staking announcement rattle whoever was trying to drive the price down. bitcoin price action was extra strange that day, and the fudders seemed to be losing their mind

why is everyone talking in dollar terms? isnt the short against eth/steth?

>>49736454
I have been saying for 2 years that AAVE needs to implement a function to disable borrowing of LINK used as collateral.
AAVE profits too much from liquidating their users.
Those who borrow against their token don't necessarily want to be liquidated by borrowers who use their tokens against them.

>>49736539
Let's liquidate Okex then!
That should put an end to their fud campaign and make some of them lose their jobs and maybe send some to a prison.

Don't underestimate the power of our collective thoughts.
Imagine Okex getting liquidated when LINK goes up to $10!

Imagine the memes.
Are you OKay? (ex-exchange)

>>49736585
>Are you OKay? (ex-exchange)
kek i like it

>>49736544
These wallets were responsible for all the LINK dumps these past 4 weeks.
One of them also tried to repeg stETH against ETH when it started losing its peg meaning the owner of these wallets has a liquidity weakness from too much staked ETH and could be facing bankruptcy if too many users tried to withdraw their ETH from their system.
They lost a few millions in their initial repeg attempt on Curve after giving up.
But for this to happen the stETH peg would need to go into the 0.7 range.

>>49736585
Normies love short squeezes
Enough spam on Twitter and a few big crypto influencers might pick it up for easy to digest alpha for their audiences.

Could even frame it as a way to get back at Celcius kek

>>49730279
1 LINK = 1 LINK
You got what was coming for being greedy.

>>49736654
It makes me wish I had a big account on twitter sometimes to be able to share this information better.
I hope this thread reaches some twitter e-celebs.
I don't want to see them win.

I will go to sleep soon, but I would be grateful if someone could make an infographic to explain this to normies and contact an influencer to relay this.

We got Nexo when they did this 2 years ago around the same price LINK is currently at.
It's a strange synchronicity where the same thing happens 2 times at the same price.
Let's show the world this was not an accident!

>>49730017
great argument faggot, but he is absolutely right, you can calculate it from the spread of the orderbooks

>>49733725
MANA pump incoming

>>49735568
jesus christ it is going to be exactly as anons foretold isn't it
a fucking singularity pump

>>49735568
Serves them right for shorting the hell out link the past two years

The first two wallets will start getting liquidated around $9.4 LINK at current prices if ETH doesn't go up in price.
The third one at $12.9
4th at $9.97
5th at $9.77

If we can get the weakest wallet to start the liquidation cascade then it could cause a short squeeze into the $14 territory.
If ETH goes up and prevents a liquidation at those LINK prices they would still be at a loss from shorting LINK in the $7-8 range.

The first 5 wallets borrowed 3 million LINK and sold 2.5 millions already with 550k left to dump.
It seems the 7th wallet may also have done something similar:
https://etherscan.io/address/0xa2bbdb60533a30f78fc9eda98b727fab76bfd532#tokentxns

Reading all this in the context of just how frothing with psychosis the fudders were after the staking announcement front-run, makes me realise how many link fudders here are balls deep shorting gamblers and not just seething nolinkers.

>>49736205
>>49736238
wow, deleted
crazy, man, you are on point

>>49737070
I mean, does it really surprise you? What possible incentive does someone have to obsessively talk shit about something they have no financial stake in?

Best thread in weeks, thanks OP and >>49737032

This 7th wallet borrowed 550k LINK with a liquidation at $9.7 at current ETH prices.
https://etherscan.io/address/0xa2bbdb60533a30f78fc9eda98b727fab76bfd532#tokentxns

Borrowed 550k LINK on the 12th of May and moved it to Okex on the 17th of May.
Likely used to dump on the 17th of May from $7.8 to $6.7.
This adds up for a total of 3.5 million LINK tokens associated with the Okex exchange.

>>49737085
Criminals always return to the creme scene.
Even if they reduced their fud campaign they are stuck in a losing trade and are forced to continue watching while feeling the pain as the trade reverses on them.

>>49737178
I can feel it.
The situation is turning back into our advantage like the time we liquidated Nexo.
We can do this!

if it was okex the earn apy would be more than 1% for link on the okex platform.

Amazing thread.

did my part a little bit in spreading the word, you're right this seems like it's big... if we can get community wide support or even awareness we could get enough new money in, even if it's literally a reddit crowd, to squeeze this shit upwards

>>49737288
I tweeted it at CLG, Chico crypto also follows me for some reason maybe he will pick it up
https://twitter.com/artabazosI/status/1537700112054493186?t=CWwxx4eiNaWKpSnsYPDs8w&s=19

Interesting that there is none of the usual vile seething fudders in this thread

>>49736176
>and started to recover instead.
>Okex was selling each ETH dump in the past 4 weeks hoping for Chainlink holders to capitulate.
Yeah i and many others are not ever selling. Didn't sell the top what makes them think ill sell the bottom?

This is the 8th wallet also related to okex:
https://etherscan.io/tokentxns?a=0x9aa627a9a215799d62d6d73fcf7a668fa1aab1cd

They seem to have tried to defend the steth peg at a loss the 10th of June.
I think this is hiding something and a big entity may really have sold LINK to buy and stake ETH.
stEth seems to have a strange connection to Chainlink shorting when I look at these wallets doing mainly 2 things.
Borrowing stETH from AAVE to convert it to ETH at a loss and put it back as collateral on aave and borrow LINK to short it.

The withdrew 335k LINK on 18th March when the price was around $17.
This may have been their initial short attempt before the dump started in April, and they kept being more degen by adding more leverage as the price went down but hit the end of the wall going full degen with no profit.

>>49737349
That's why they are currently sitting at break even despite their efforts which has cost them time and money.
They must have thought this was an easy to dump shitcoin and underestimated Sergey's vision and team and the LINK marines.

>>49737351
the ETH stETH thing may be simply because they're scared of a stETH scam wick with all the recent negative publicity
so they are taking the loss there but doubling down on the LINK shorts

Bump. I can't do anything to help because I'm low IQ and anti-social so don't do social media but you can have my energy, and I wish you all the best.

AAAAAAHHHHHHHHHHHHHHHHHHHHHH

>>49737330
here's another tweet the wheels are turning, no infographics so far tho
https://twitter.com/LinkChelloveck/status/1537694502579748864?t=s_dh__NCEyObxTvruSvU2w&s=19

>>49737490
>CHELLOVECK.LINK
Based name, oh my brother. Get your little droogy's to viddy this and perhaps we will see Okex leak that red, red krovvy yet.

>>49737533
kek, nice

With the 8th wallet we are at 3.8 million LINK and 3.3 million already sold.

The 9th wallet borrowed 290k LINK and withdrew them around march 21st:
https://etherscan.io/address/0x1329d0c4c77fa57ad2c93c3240837694ee14f538

They started doing other things at the end of March and likely sold at that time when LINK was around $17.
This adds the total borrowed to 4.1 million with 3.55 already sold.

This wasn't a very profitable trade because they used (borrowed?) ETH to short it and their liquidation price would be currently at $10.

If we just look at the $ price it would improve their price average with the last 2 wallets selling 625000 LINK at $17.
If we approximate a cost basis around $8.5 for the other 2.9 million sold these past 4 weeks it gives an average around $10 if they have to pay back the borrowed ETH and used this trade to pay for interest on borrowing from a CeFi platform.
this means that if LINK goes back to double digit and ETH remains at the current price they will have a loss on this expensive operation.

However it's possible they are using ETH belonging to their clients for the AAVE loan which would mean the profits they made would not have to be compared to the LINK/ETH ratio to calculate profitability but only to the LINK/$ price but seeing them try to defend the stETH peg shows this is likely not the case and they have some issues with borrowed ETH too.

Excellent research, anon

>>49737572
Thanks. It makes me happy to help the community.

Something strange happened to the 6th fund wallet:
https://etherscan.io/address/0x712d0f306956a6a4b4f9319ad9b9de48c5345996#tokentxns

In the past 2 hours when this thread started they withdrew 500k LINK from FTX and repaid their loan?
https://etherscan.io/tx/0x3dcaaee4080f2b76e0fcc761b57d695b7dd5097f26a35fdca599027cb43e587d

https://etherscan.io/tx/0x16cae0e0c756201421f16e2af6546a1a69c1fc1f4230506575be11dc6d5c9439

They must also monitor /biz/ actively and saw this thread.
They may even work with okex.
They borrowed 500k LINK 3 days ago on the 13th of June:
https://etherscan.io/tx/0x6cf4ebe176b9785c1df1d52e73a3e24fe141983bda293387edbb8fe4ef4afbfb
Sent it to FTX right after borrowing it:
https://etherscan.io/tx/0x76c7b2ffc011a16300208fc8589e3ed3b0cf55784b679b1cc150efe98c005cb8

It seems they were late to the party and gave up after they saw this thread.
The other possibility would be they shorted the bottom on the 13th of June when it was at $5.8 and was starting to recover and were trying to cause a capitulation event at that time from the FTX side, or were waiting for the opportunity later which never came.
They may have sold some on the 16th of June at $7 for a small scalp and bought back at 6.2 hours later when it didn't work, but I doubt they would do this for smaller profits and were trying to profit from the capitulation event.
This fund would deserve some more analysis because they actively monitor /biz/ and found this thread instantly and instantly acted.
They may have the ability to manipulate /biz/ with fud and act to counter trade us.

>>49737806
So do we do disinformation rounds on these funds with /biz posts now?

>>49737806

Kek.
ANY okdfag knows they astroturf the fuck out of this shithole and always come and go like a lightning bolt. The >98 posts by this ID faggot is one of them.

No doubts they are shitting the bed. Their biggest risk is a whale getting free money for liquidating them right now, as they are naked and now exposed in public. Except the best they can do is pay back that 500k to slightly increase their liquidation price. It seems they are very tied up here and probably either cant exit or wont(out if ego) enough. There is so much negative convexity in this trade that if the market shits the bed and ETH plummets again(it will, there is too may VCs and unwinding of all their interconnected leverage) that would be enough to start liquidating them alone with this link trade.

insider here

all cefi is blocking withdrawals because they are shorting link with all their might

its a matter of survival, as a defi version of all cefi will start to replace everything once staking is released

if your links are not behind your private keys you already lost the game

"Link marines can stay deluded more time than the market can remain solvent" is the winning strategy

spread the word.

Best thread on /biz/ in ages. Well done OP great job

Based thread. If you’re from Twitter go fuck yourself.

>>49737490
>word on the street
this is true my dears,,, my hole village up in arms rn ngl

>>49737806
Team probably knows this. Thats why Sergey changed to the shilling mode in BNC interview and released staking early. Light blue shirt change from Sergey for the first time may indicate the war uniform. Even N95 mask from Ari could be the message of that WEF being behind them. Oh boy we are in for a ride. They are poking the hornets nest. I wouldnt cross Mr. Assasination contract Juels who have ties with Henry Kissinger and Eric Schmidt. Assasination Contracts may not be a meme from Ari.

>>49738081
what if the team is (((them)))

>>49737862
Like vampires they fear the light of public exposure.
Getting more information on them and exposing their actions to the public would make it a lot more difficult for them to act and cost them their public image while attracting other whales on the other side of that trade to profit from the short liquidation.

>>49737878
The fund repaid their loan and is out from this with a weak impact but the okex wallets didn't do anything yet.
This is a possibility.
There is something in Chainlink which attracts the haters with a strong ego to cause their own sacrifice.

>>49737880
It could add more pain to their liquidity issues if those who borrowed from them got extra margin calls on this.
It would be well deserved.

>>49727432
at first i thought maybe it was a ust whale looking for another way to offload while price was cratering but it looks like the majority of debt was incurred recently. it seems like it's just someone trying to short the entire asset class on-chain.
there were a lot of DEX swaps for link but it's mostly just people buying LINK with eth.
also i came from twitter but i've held link longer than you faggots anyways so go fuck yourselves.

>>49738081
Hehe
Things are starting to be fun again.
What better way of starting the next Chainlink bull run than with a short liquidation?

>>49727576
>>49727682
The timing was beyond sus.
I wish I'd saved all the posts predicting the total market collapse.

>>49738139
when will this fuckery stop? If they operate these on exchange level they can continue this for year and they were successful to stop the link bull in 2021.

>>49738081
>Assasination Contracts may not be a meme from Ari.
Now this is the fun dystopian future I was promised.

>>49738081
>Light blue shirt change from Sergey for the first time may indicate the war uniform.
The general on his war seat

>>49730086
what was your health factor you greedy kike?

>>49738174
Now would be the best time to strike as many big platforms are in a position of weakness from a lack of liquidity after big funds blew up and got liquidated.
In the case of Okex it seems they borrowed the LINK which means it may have been withdrawn from the platform.

But if other platforms like Binance are doing this then it could be a bit more difficult and the only way would be to withdraw everything from exchanges and every CeFi and lending platform.
If a big fund blows up with no collateral then the exchange would take the loss and would try to make it back somehow.

The question is if we get another ETH dump to the $700 range and if in that case we can save the $5 LINK price support.
Then this could trigger the liquidation cascade if LINK recovers better than ETH.

It's hard to know how many groups are in this.
Nexo has been known to do this last year, Okex or a group using them now.
BlockFi had a campaign giving 5% interest on LINK last year for a few months when Nexo shorted it.
They reduced the interest rates to 0.5% after crashing the price 70% by lending it to Nexo who dumped LINK...

The question to ask is how can you generate yield with Chainlink when using a CeFi platform?
We just saw with Celsius that they staked ETH to get staking returns, but this was not enough for the high returns they were offering and may have leveraged it to borrow more ETH to stake or made under-collateralized loans using it as a collateral.

To generate profit with LINK you can short it, profit from a few short yield farming programs or use it as collateral to borrow something else which produces yield.
For example you could borrow USDC on AAVE with LINK then swap it UST and get 18% yield on Anchor with 60% of your collateral for a 10% interest rate on your LINK.

I have a feeling at the end of all this Nexo will come a cropper

>>49738174
Now that this possibility is gone, those who did it are getting margin call issues with their borrowed LINK with loans they can't repay causing forced sellers, but the more curious thing is that this should have caused CeFi platforms to reduce their interest rates on lending.
The other possibility would be to sell LINK for ETH, thus shorting it and then to stake ETH for returns, while suppressing the price of LINK so that it keeps bleeding against ETH.

It's very suspicious that lending platforms didn't reduce their rates after their income sources disappeared.
With BlockFi it made it easy to understand where their yield came from when they reduced the rates just after the crash.
They are not doing this because this would cause a liquidity issue as they can't repay the funds of their users.
They are in a position of weakness and they may start fighting in order to survive by bankrupting each other.

Chainlink staking is certainly the solution to this problem and it's getting released with the worst possible timing for these short sellers.

>>49738528
>They are in a position of weakness and they may start fighting in order to survive by bankrupting each other.
hence Nexo tweeting an offer to buy Celsius
in all likelihood they are in the exact same weak position but they are trying to deflect attention and appear strong

>>49738564
The other possibility is they pretend to try to help so that they learn of Celsius's weakness and use it to attack them.
That's something they would do and the expected behavior of a psychopath.

>>49738564

wouldn’t surprise me if they(nexo) did a bullshit “buy out offer” for Celsius to stop people immediately withdrawing funds from their own platform in a market wide Cefi panic exodus. In fact im almost certain thats why they did it.

To be honest, however i think NEXO are probably the most competent of the bunch. Not to say they arent in trouble atm. They probably are suffering liquidity issues too. They basically halted shorting LINK last sept at $25 or so, then put something like 5 million link on benqi in aave for yield, and 2million aave for yield. However i stopped checking up on it early Jan. they may have started getting worried about being hunted back then. However its always been obvious these cefi/VCs work together for liquidity and so putting 2m link on aave for basically 0.5% apy back then seemed stupid to me unless it was collateral for a future play. Again i havent seen what they did since jan

>>49737878
Excellent analysis anon(s) but can you explain “negative convexity”? Im thinking it’s something like “their profit/loss is non-linear as a function of link and eth prices”, is this on the right track?

>>49738661

Its basically a term about bonds relationship to interest rates but in crypto/defi terms here i mean that a small move in EtH value for link upwards can cause a huge cascade of loss on their end, or, a big rise in interest rates on aave. Probably better to just say they are tied up in lots of different leverage

https://zapper.fi/account/0x4d8517e5f13bb33b0afbd30a3d6e7c514bfdeb09/protocols/avalanche/benqi

Thats a zapper link to NEXO wallet which was previously farming a few million link on benqi on avax. Its now empty. If anyone wants to follow it around start there. Probably bridged back to Eth.

I can post Nexo eth wallets too

>>49738081
>Kissinger
Petrodolar is OUT.
Linkodollar is IN.

Time and time again greedy asshats will get caught with their pants down and they're always over-leveraged to the tits

To all LINK holders who sent their LINK to an interest-earning platform: I hope you lose it all.
To all twats trying to manipulate the market to recover from losses: I hope you lose everything you own.

I can't wait until all retards who ever thought earning interest on their LINK on a lending platform was a good idea, especially since we showed them, since it's all onchain, exactly how they were destroying their own investment.

I hope they all lose

>>49732742
>Ego is the biggest weakness of gamblers who can't accept a loss and even the best traders need to keep fighting their ego.
This.

And when you liquidate a big player with such big ego? Oh man the pure seethe and anger, that's exactly how things like Zeus Capital happen, they literally make their life goal to take revenge any way they can, it hurts their ego way too much

https://etherscan.io/token/0x514910771af9ca656af840dff83e8264ecf986ca?a=0x4c0132f885ac02cd0fb555d17db8946b0c10edd8

Nexo eth wallet. They withdrew lots of the link(2.5m) from avalanche only 24 days ago after having it there for 9 months. You can trace it from “wbtc merchant” and “nexo 2” wallets form here which are their main wallets.

So seems nexo suddenly needed lots of liquidity right after Luna started

>>49727576
A true stinky linky.
The pump was real!
The dumo wasn't!

>>49738786
Thanks.
It seems they withdrew their link 24-28 days ago from the platform to this ETH wallet:
https://etherscan.io/address/0x4c0132f885ac02cd0fb555d17db8946b0c10edd8#tokentxns

They moved 2.5 million tokens after bridging them from Avax on the 23rd of May:
https://etherscan.io/tx/0x0581c3adc8ca92c920677958f634f81e1a2fab04a4e58d7065f4bb49f19a8a6b
https://etherscan.io/tx/0x6bb3f3935df17476d1ad861c71e40eeda216b159fa01acbd71d6af86230868ea
to this address:
https://etherscan.io/token/0x514910771af9ca656af840dff83e8264ecf986ca?a=0xb60c61dbb7456f024f9338c739b02be68e3f545c

They still have 1.2 million LINK on this address, but they moved some of it to Binance through this receiving address:
https://etherscan.io/token/0x514910771af9ca656af840dff83e8264ecf986ca?a=0x9ec9bc7fb027448bb2670c4bd56043ea9dfd2dcc

It seems they moved 1.2 million LINK tokens to binance this week.
the two biggest operations:
0x0cf1fe8ca503b81ed07df5f9da08c2c2514ffaf6f6445bff4590524452a7ddba
0x8c3b5c6a35ce52f96d9b5ce9b3f2cc048ae1a6348a9b06bab12167db9bcdc40b

They are likely making preparations to short LINK with 1.25 million tokens...

They moved the last of it on June 15th.
It's possible they sold some in the dump the next day from 7.5 to 6.2, but it's also a possibility they haven't sold anything yet and are waiting for ETH to dump to attempt a short attack.

This doesn't feel very good.
We may be a bit late to react.

Nexo can short with 2.5 million LINK using their users collateral and Okex has 550k remaining to short adding to 3 million LINK.
They can borrow 5 more millions from AAVE...
That would be a 8 million token sell pressure on a market dump in the worst case.

The best way to fight this would be to ask Nexo users to remove their LINK from their custody and every other asset they have with them.

https://etherscan.io/token/0x514910771af9ca656af840dff83e8264ecf986ca?a=0x9ec9bc7fb027448bb2670c4bd56043ea9dfd2dcc

Nexo been sending millions of link to binance recently so yes seems they are back to shorting.

So suddenly after having millions sat farming yields since sept

CeFi is really frightening.
They can only exist by destroying what others are building like true parasites.
It could have been different if they didn't go full degen with very high returns and just served ans an intermediary between protocol staking and other DeFi protocols.

Bear in mind that the people who are doing this are likely posting here as well as reading, so might be trying to steer you in the wrong direction..

>>49739047
the 24h volume on binance has been 100m$ (about 15M LINK)

Who the fuck do you think is selling at this price after staking was announced, and with smartcon coming up?

Some retards yes but absolutely NEXO too

They are already selling and it's not working.

>>49737330
kys

>>49739047

Hard to say. They could be using it as collateral for something else, or to save another position but its absolutely true without doubts they shorted from that wallet before. Its the same wallet that sent 4 million to binance last may and then fired up Zeus capital and raided biz before the giga dump. By comparison they havent put as much link in this, they put basically every link they had last may

>>49739047
just checked Binance, big spike in volume starting on 5th june and even bigger starting on 12th june
this latter one coincides with the NEXO LINK inflows into Binance
https://etherscan.io/token/0x514910771af9ca656af840dff83e8264ecf986ca?a=0x9ec9bc7fb027448bb2670c4bd56043ea9dfd2dcc

They are selling already and it's not working, wasting their powder

>>49739151
I don't even use twitter but if some publicity can liquidate these CeFi fuckers then idgaf, I'll use whatever

>>49739125
That's a possibility.
Maybe this is their initial selling operation before they make a market sell order with more tokens.

>>49739189
It seems like they are still in the initial preparation phase for this.
I would expect them to borrow LINK and make one big dump later.
We should be prepared for a new fud attack.
It seems they the paid shills have been silent for a few days and are preparing something new.

>>49727432
More like okex is insolvent and the answer is #3.
they dont have the liquidity to just buy it up.

>>49737389
This is probs why sergey thanked the community in the last slide show.

>>49739207
That's good then.
There may be a bigger whale on the other side of this trade buying up the tokens for cheap.
LINK has shown relative strength for some time compared to ETH and BTC and had more buyers.

It would be a great advertising campaign if influencers could advertise now on social media how Nexo is earning their yield by shorting their customers' assets.
Imagine the damage this would cause to their image.
None of their customers would be happy if they knew their assets lost half of their price because the CeFi platform they lent it to used it to short to give them a measly 8% of the reduced value while making 50% at their expense.

>>49735989
Sheep mentality. NGMI

>>49732275
started trading link a few days ago because i like the chart. i’m not a piker. few more bullish traders enter the market might be able to rekt them nicely

What was the social effect on the Gamestop case? just wallstreetbets?

>>49739307
I keep seeing this pic and never know what it is. Enlighten me, do..

>>49739282
Thanks for great thread anon... I am going to buy 3k$ worth of link today, that's all I can do I guess

>>49739378
Someone involved with Chainlink rubbing the feet of an important person working with Swift called Blythe Masters. It's a connect-the-dots sort of picture.

>>49736557
doesn't v3 have this?

>>49739429
you might be thinking of isolation mode but that just prevents your collateral from being used to borrow certain assets
it does not prevent your collateral being borrowed out to others

They definitely should implement an option like this but then I guess less people would lend out their assets and liquidity would go down

Still good though, rates would compensate

>>49735508
Good work, super interesting

>>49739089
I tend to disagree. I want link to moon but the current cefi antics are a symptom of the pre staking ecosystem. The tokens are currently useless for retail and cefi is simply playing the game and taking advantage. there will always be people making money if there is the opportunity. As staking becomes widespread these link will no longer be useless and the game will change.

>>49739408
Blythe Masters wears her watch on her left hand, although either of the 2 pics might be reversed.
Do I win a prize?
PS The other guy is supposed to be Dan Kochis, apparently

>>49739669
It is definitely Dan.

>>49739642
Nobody forces CeFi platforms to offer high yield for LINK.
They could offer lower yield and just use it as collateral to borrow stable coins to farm yield or just not accept it.
Chainlink is trying to build a better future for mankind and all these platforms can do is try to short their token.
What is the added value for humanity of these short sellers?
Destroying future innovation?
Why attack the only project trying to build something then when there are so many shitcoins?

Current CeFi is like the worst possible incarnation of traditional banking which can only exist by destroying what they are supposed to help grow.
At least managed funds invest into stocks to get low safer returns each year.
These CeFi platforms can't even do this.
The real meme should have been CeFi not needed.
They are parasites.

>>49739392
Thank you!
It may be a meme but a collection of small actions can move mountains.
A small change may have a big impact.

>>49739847
Beyond cringe. I'm all in link but any time a community starts saying "if we all just buy what we can we'll make it!" it's a bad sign.

>>49733129
This is probably why the remaining link i have on coinbase is stuck. Haven’t been able to move it to my wallet for a few days. Luckily it’s not much

>>49739874
Yes, your manager won't like you getting them liquidated but liquidating short sellers if something traders do to make money.

>>49739874
>it's scared
Will buy $5k of link just for you

>>49739880
Did they give an explanation for this?
Coinbase has been laying off employees, but I thought it was just bad planning.
Having a whale blow up on their platform may have added a hit to them.

I didn't expect them to take part in shady things as they seemed to be the more regulation oriented of the group and that's where the tokens for the possible DON staking nodes came from.

>>49739805

The strangest part to me is its all on chain to be counter traded, and its not like the markets are that liquid. Why has no traditional big boy come and wrecked them for easy money? Its as easy as looking on chain and seeing how high of a yield they are offering for LINK at any given time to figure it out.

They wouldn’t survive in a normal market they’d get hunted and destroyed. Crypto is all on chain and makes it even easier

>>49739805
You are expecting rational actors to be altruistic instead of making money. Not gonna happen. We are jealous because they are winning. Hopefully not for much longer

>>49740095
may very well be exactly what is going to happen at this point
before crypto didn't have big boy attention, but LUNA proved that they're here now.

>>49740146

This is pretty much tue most vulnerable short they have every done in Nexo case outside of the one in 2020 which fucked them hard.

Its one thing to short at a wobbly over pumped market like last may with all on chain, but here? Its literally the easiest money ever for a normal firm.

>see on chain proof
>buy a few longs on link
>spot buy and steamroll them
>trigger cascades upwards
>profit longs and spot buys.

>>49740136
Everyone has the power to do evil acts but makes choices to be a good or bad person through their actions.
As someone following Sergey you probably share similar values, but this is also what attracts the haters like Nexo.
They specifically want to attack Chainlink not because it makes them money as they got hit in a short squeeze once, but because they hate the community and Sergey as extremely narcissistic individuals who want to destroy those with a higher level of personal development.

>>49740095
Almost everyone in this place is corrupt, has been playing the L1 scam games or stealing through MEV or another form of pump and dump.
Sergey always stood out from all this, and because of this difference attracted many haters.
The only ones who can help him are those who share similar values, and they are few.
Also everyone did the same thing and are stuck in the same bad situation.
The stETH peg issue or the GBTC collateral liquidity problem is something most funds have because they share are similar in their thinking and limited in their actions.
It's human nature to copy others and in this case others may have copied one fund doing this seeing that it worked.
Unfortunately the same effect as being late may have happened.
Those who first applied this strategy may have made money, but those who came late are now trapped and were already underwater because of their incompetence causing them to be late.

>>49738126
>Came from the cesspit that is twitter
>Held link longer than /biz

Pick one.

>>49739874
passing this information around to traders i know with big balls, and large pockets. they’re probably not awake yet. you have a few hours before doom. good luck

>>49733164
Get fucked linkpool cuck

>>49740390
Why would Sergey work closely with Celsius Network tho? He must have been aware of their shady tactics (and other cefi platforms obviously too)

>>49735884
Sirgay literally swooped in to save ourjeet. Based as fuck.

>>49740636
They don't use their services anymore for their own treasury.
They work with every possible partner who wants to use their Chainlink node services and don't discriminate.
They added support for SOL Chainlink nodes a few days ago.

>>49740638
Yes, this gave me hope, and was really efficient.
I don't know who had this idea, but they must have recruited geniuses who are already showing their competence against market manipulation.
Knowing that we are not alone and that we can help each other gives meaning to being an investor.

>>49734555
checked
no idea what that means but it sounds based and tastypilled

WHAT IS HAPPENING
ARE MY BANCOR LINKIES SAFE
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

Main take away here regardless of what NEXO faggots are doing with their own potentially risky short is the fact LINK is suddenly being mass borrowed on Aave. That hasnt happened for over 2 years, and whoever is doing it is clearly linked to some very bad eth related positions.

It basically like a carry trade gone horribly, horribly wrong and now desperately trying to fix

>>49739963
I haven’t contacted them yet but i will today and update if the thread is up. I get a generic error message within the app when attempting the transfer, and I can’t log in through their website (stuck in a loop after going through authenticator).

It could be an actual issue on their end, but the timing is suspect given that I could withdraw a few days prior, and luckily I did withdraw most of what remained on there

Whoever it is, a whale group, OKEX, NEXO, it doesn't matter. If they really are behind the coordinated fud spam then I want them fucking obliterated beyond recovery. Short squeeze these fucks and get the mass of link twitter newfags to withdraw their stinkers off these platforms ASAP. Hit hard and hit fast now.

>>49728132
that graph is pretty weird, who with the fuctional braincells to acquire that much net worth goes and shorts and the abosulte worst local points
it started during the first liquidation and than rather then double down your short at the local peak of 9, i mean link just did a +50% in days, it escalates again at the local bottom near 6

this is either stealth accumulation or an exchange or some such counter party caught with their pants down and forced to get link at any means possible
either way i wouldn't go shorting link here and even with draw it from any yield generating service if only for the short term

most important link thread in a long time

>>49741117
I can login on my end so there may be an issue for you.
They merged Coinbase Pro with the normal version and changed it to be like the pro version.
Maybe something is off in the migration process.

It would sure be nice to get a short squeeze. Haven't felt the high of a genuinely big LINK pump for over years bros...

>>49727432
Well blow me down, a fucking link fud thread

>>49727432
cheers lads for keeping this thread up, impressive

>>49737806
>>49729897
>Something strange happened to the 6th fund wallet:
interestingly that was also the only wallet unrelated to OKEx. basically the only "normal" wallet
few hours into the thread, and he pays back his loan... now the fishy guy owns basically almost all of the debt
https://etherscan.io/tx/0x16cae0e0c756201421f16e2af6546a1a69c1fc1f4230506575be11dc6d5c9439

coincidence?

>>49741224
They tried to defend the stETH peg to ETH on the 10th of June with an initial scam pump by swapping at a loss borrowed stETH from AAVE against ETH on Curve, but then seem to have given up.
Something tells me this hides a complex scheme connected with ETH staking as the first wallet only did these 2 actions.
The stETH part may already have been liquidated and caused the ETH dump we saw these past days, but it could be that a lot more LINK has been sold than what we can see currently and this is their attempt at recovering it by causing a capitulation.
$10 seems to be a pain point at the current ETH prices.
That's when they shorted Chainlink after the staking announcement.

>>49741489
That fund actively monitors /biz/ and has the ability to react very quickly.
They maybe didn't want to attract attention and may have given up after seeing this thread.
They don't seem to have done anything with the borrowed LINK, but were planning to dump it if they had the opportunity to cause a capitulation.

>>49741281
Fair enough, thanks for checking and for the great thread

>>49735788
https://imgur.com/a/i2UvqVh
I tried my best at making this infograph, someone please help me improve it if you can.
Thank you for the amazing thread anons.

>>49733725
50 players on decentraland per day, it's a shitcoin and getting shorted

>>49740636
Celsius touted the fact that they were the first committed CCIP user way back in last August. I had trusted them more than the others partly due to that relationship.
https://twitter.com/CelsiusNetwork/status/1424816038466686984

>>49741657
Based.

>>49741712
Yep there’s undoubtedly a lot of people on /biz/ that gave their LINK to them. Common sentiment was that if Sergey trusts them why shouldn’t we. Surprised I haven’t seen more posts from linkmarines that lost everything, like when all those AAVE liquidations happened

Let’s Cuck OKEX fags

Based thread i think this could really get attention, its 2020 all over again

>>49738158
I saw the total market collapse post posted recently, the one about "crypto will be killed so no one will hold link"
unfortunately for them I am never letting my stack dip below a sui. anything above that I trade but the sui is on hardwallets and not being sold. thanks for playing wef.
https://www.youtube.com/watch?v=8nEPWUFgfvk

>>49741352
It's actually the opposite you fucking mong.

>>49742210
its a bot bro. you spend 20 dollars to bypass 4chan pass

>>49742067
anyone has a link to this post

>>49741509

https://debank.com/profile/0x712d0f306956a6a4b4f9319ad9b9de48c5345996

They hold a lot of FTX tokens.

Also worth noting they clearly responded to this thread.

They borrowed 500k link from aave 3 days ago which was literally the bottom, and just paid it back. What the hell could they have realistically done with that? Nothing. Very fishy. Obviously panicking .

>>49742346
>Very fishy. Obviously panicking .
Hahhaa, good.

HEY FAGGOTS, LET US HAVE OUR PUMP AND THERE WILL BE AN END TO THE MADNESS. You have no idea how long we can stay delusional. FAR longer than you can stay solvent. I am never selling a single Link.

>>49741657
nice
slightly edited spacings to make it postable here

>>49741352
> Well blow me down, a fucking link fud thread

>>49742457
Nice, saved.

https://debank.com/profile/0x6914fc70fac4cab20a8922e900c4ba57feecf8e1

This is a Nexo wallet btw. They still have 500k link or so but its on Aave V3 instead. They had 2 million link on V2 last i looked 6 months ago. Im sure people can track what they did from here

>>49739963
>>49741117
5 minutes ago, I just transferred the last few Linkies I bought the other day off of coinbase because you scared me with this. It works fine

>>49742754
same. I sold a couple dozen link last week to get eth to test my own project, I just rebought it all and am transferring off of coinbase.

>>49742754
do they charge a transaction fee in link? if I have a USD balance can I pay for the tx out with that?

>>49728887

>>49739047
>3 million link
drop in the bucket. even at a 10x it would make at best a dent. I too want 2.9 link, but doubt its happening, bears are not even managing 4.5

>>49743007
Yes, mine was .2 link or something

>>49742754
Kek it’s definitely on my end then

>>49742754
They should be fine, but removing liquidity from exchanges and everything which is not a self owned private hardware wallet may be a good idea in this situation.
I don't know how many groups were in on the Chainlink suppression, but if we are not seeing everything on chain and exchanges are playing a role in this, the situation may be a lot more dire than what we can see.

The group which has been dumping BTC on each positive news dumped again for staking.
If this is really JP Morgan or a similar company then they would not hesitate to use naked shorting and derivative manipulation, because they already fix the gold and silver prices with paper derivatives and have experience doing this.
In that case they can't be bankrupted, but if an exchange is forced to freeze withdrawals then this exchange will lose all credibility and the one doing this won't find a partner to do this again easily.
It's possible other groups saw these BTC dumps and decided to profit from it by shorting LINK massively.
We may be in a situation of someone getting trapped after shorting too late.

It would be nice if there was a way to get a list of trustworthy exchanges and to get a verification through an external accounting firm of their real holding compared to what their customers own.
Chainlink could help improve this with their proof of reserves combined with another node calculating the amount of tokens officially owned by clients on the exchange.

>>49743140
got it. mine was .3, got it all off centralized exchanges. I now own
>a sui of link + a handful, split across wallets
>0 link on exchange
still farming like 50 link or something on sushi but w/e

>>49729505
imagine not selling your link at 50 so you too can short it into the ground

>>49743359
you cant naked short crypto what are you talking about

>>49743668
imagine not understanding what controlling what ais believe is the truth in the postmodern world.
go swing bitcoin

This is great but when will the price go up?

>>49743755
sorry fren, i'd rather just keep shorting LINK

>>49742576
that address sent 500k LINK through a couple addresses along with 200k LINK and eventually to Binance, yesterday
https://debank.com/profile/0x9ec9bc7fb027448bb2670c4bd56043ea9dfd2dcc/history

700k LINK to Binance yesterday

>create boogeyman
>make up information about boogeyman
>if price goes down it's boogeyman and not project's fault
so this is how LINK bagholders cope with the horrible price action? Nice imagination OP, you should be a creative writer.

>>49737880
kek this wouldn't surprise me in the least

>>49743903
>Nice imagination OP, you should be a creative writer.
exact same comment as the guy who ended up deleting his stuff after being called out for working for Okex and going to jail for market manipulation

I don't know guys, I hold LINK but this is too much to handle. Besides, even the Chainlink team is loaning their LINK so why not us? At least until staking comes out.

>>49743359
These things always get derailed by insane schizoposters like this guy. OP posted a legitimate theory but then schizo bankholders come in and come up with delusional shit like JPMorgan themselves are dumping btc lmao. It's most likely just a crypto group or exchange doing this shit lol, calm down.

>>49743875
700K

>>49744012
You glow.

I have my linkies on aave(arbitrum) , can aave become insolvent?

Maybe I am not understanding all this properly, but why doesn't some whale just market buys link to liquidate this faggots? Wouldn't that create massive buy pressure?
I find it hard to believe that /biz/ beat everyone else to this info, especially since Nexo has done this before.

>>49744142
if there's a LINK "bank run" on aave but the borrowers are sufficiently leveraged, your position might be tricky
aave will physically lack the LINK you will be trying to redeem
so they may attempt to reward you in another type of holding, that will nominally be of equal value at the moment they do it, but that will not necessarily be the case when you try to redeem

>>49743875
I tried following the origin of the 500k LINK and after going through a few wallets I've tracked it to 2.5 MILLION LINK being sent to these NEXO wallets from an AVAX bridge
https://debank.com/profile/0x4c0132f885ac02cd0fb555d17db8946b0c10edd8/history?chain=eth&token=0x514910771af9ca656af840dff83e8264ecf986ca_LINK

>>49744314
that's why we're trying to raise awareness and get the twitter faggots to get into this
>I find it hard to believe that /biz/ beat everyone else to this info
one of the whales payed of their link debt out of nowhere within a few hours of this thread being up. you give this place too little credit

You know what fuck these on chain games. These people have names and offices. They are fucking with my fucking MONEY. It's enough reason to van them and crack some teeth

>>49744314
/biz/ used to be Chainlink mecca. You clearly haven't seen what this place is capable of when it slows down. This thread is reminiscent of threads we used to have daily in 2018.

>>49744553
If you're trying to get the thread closed you're going about it the wrong way.

>>49744544
>>49744663
Not saying this place isn't capable of it, but it makes sense to be on the lookout of these kind of jewish tricks.
I did miss the bear market in a way. The bullrun brought profits but this kind of information just doesn't shows up unless the loud newfags lose everything.

>>49744345
are yuo actually retarded? all aave loans are over collateralized for this reason

>>49744544
>this place too little credit
or OP is has a counter postion to this and made the post as a psy op. I dont some faggot with an actual life is randomly checking wallets unless there was something to gain

>>49744533
found it on Avalanche but cannot find the AVAX address that initiated it
https://avascan.info/blockchain/c/tx/0x5d5f300659b88bfc2db0b81733713fafb12a8fdc44b2999126ef795e6d9c7157

I'm trying to find out if they still have a massive loan open somewhere or if it's simply NEXO funds that were deposited

>>49744946
Nobody cares what you think. Fuck off.

>>49744895
you don't get liquidated if your collateral is sufficient
but the LINK supply in relation to loans can still dry up

>>49744895
if there is a cascade of liquidations price might shoot up so quickly that AAVE cannot buy back all its borrowed LINK on open market
what does AAVE use to buy back liquidations by the way? Uniswap?

>>49741266
>>49741657
>>49742067
>>49742059

Not sure if you guys saw, but someone posted a link to pic attached last night. Ryan Lovell is a dev at Chainlink, the patent describes the tech without naming Chainlink, and the patent was filed by Vanguard. Also relevant is patent US20190377724A1

Looks like there are much bigger players here than a few idiot "Crypto VCs"...they might be playing a losing game against one of the biggest funds on earth.

Not sure what it means, but I know what side of this trade I'm taking...

>>49744946
We all have a counter position to this because we are all long LINK with our entire lives.

>>49744012
Yes fellow 4chan user, of course. Let us get something for our tokens, they won't keep them/dump the price by another 50% and we get 1% apy. Thank you! Very basedings

>>49745030
What ball park price should LINK be for liquidating each big position? Can this taking us back to ATHs!

Fuck these cefi games, we've said all along, cold storage only.

>>49745069
yah i know, are you randomly checking link trails for hours on end trying to figure out whats going on? do you have a life outside of crypto? all of this takes time to research. Why is it being posted here for free trying to get twitter fags onboard to do what ever op is wanting to happen.
>>49745015
why is this allowed to be a thing then? isnt the point of smart contracts and blockchain is to have everything accountable. I feel like the code should not allow room for this to happen
>>49745030
idk aave is just as bad as all the other shit out there nowadys. As fas as im concerned they are just as bad as the major VC's that are going down. They have the back end data so maybe its them doing all this shit

>>49727518

amazing thread. it's not much but just picked up $1k more link. have $1k more on the sideline if they try and force a capitulation dump.

>>49739805
>Chainlink is trying to build a better future for mankind
I'm a link bagholder but let's not fool ourselves here, the 6 6 6 that is the mark of the Beast, is this hexagon amongst other things, which will "prove" truth, but cryptographic truth
Whatever will be consensually input in the nodes will be deemed to be truth, even if it's a bunch of lies

>>49745054
>>49745054
Also noticing the publication date of April 19th, 2022 on that patent. This coincides roughly with the deleveraging that started even before Luna crashed

Could it be that this info entering the public domain caused Crypto VCs (who understood the implications) to start selling their assets (that will become undervalued compared to Link very shortly)?

Can someone with better economic knowledge than me comment?

>>49745230
I can't believe I share the board with these bumbling teenage newfags.

You seem to have not even the slightest idea how defi loans work, and yes, we have collectively spending years researching addresses and sharing it on here. Chainlink ICO feels like it was yesterday even though it was 5 years ago now. Don't underestimate the power of collective (positive) thought, faggot.

300 posts and not a single person knows whats going on LMFAO

Okay I’ve just ran the numbers based on all the above positions being liquidated in the cascade that begins at $10. The buy pressure would push us well north of $100. Fucking shaking. WAGMI.

Captcha HGH

>>49745421
you sound new you get that right? just because you know a couple dog whittles doesn't mean you fit in, you get that right?

>>49745230
you don't know what you're talking about
lurk more and read up

>>49745054
>>49745054
>>49745378
>>49745378

Nobody? Let's get a new thread going to continue OP's discussion and look into this. I find it hard to believe that this info isn't significant

>>49745553
im willing to concede that. i didnt read the aave docs, i have a life out side of this. Can you tell me exactly why im wrong can correct it

>>49745141
Around $10 to get the first dominos to fall

>>49745524
You’re a faggot shit up another thread.

>>49745230
>why is this allowed? I feel like the code should not allow room for this to happen
it's called a shortfall event and has happened in the past

there are mechanisms against this, such as massively increasing interest rates to overborrowed assets, requiring more collateral, protecting users by paying them their missing coins in a different currency, etc

but while aave tries to discourage this from happening, if someone rich enough wants to do this there's nothing that can stop him

>>49745378
it wouldn't surprise me. the moment staking was announced Jan 1 both crypto and equity markets completely changed gears.

>>49744012

>>49745378
it wouldn't surprise me. the moment staking was announced Jan 1 both crypto and equity markets completely changed gears.

>>49745597
I think there’s a convergence of the LINK suppressors chickens coming home to roost right as major network capabilities go live. They’ve realised that LINK is the first self sustaining economic model in the space and it’s going to rekt them hard if they don’t drive it into the ground and bail. We need to get this shit to $10. They’re on the ropes.

>>49745708
>>49745650

Right. And at first people go "Chainlink moving the equities market, that's schizo retard garbage". But if players like Vanguard are involved (and this info becomes public domain) other MASSIVE market makers start to put the pieces together and reallocate capital accordingly.

Then OP's "price suppression for the purpose of accumulation" theory gets much more credence.

>>49745781
yeah bro lets just gather up a couple hundred million dollars and show them whos boss!!!1

>>49745814
>price suppression for the purpose of accumulation
did you join crypto yesterday by any chance? seriously, how new are you?

>>49734350
If the catalyst for the Chainlink price singularity was a short squeeze where everyone working against Chainlink for the past few years got liquidated in a single flash of glory, I would be very happy. Fun to think about!

>>49745838
There are eyes and ears everywhere and people who hold link with such capital. The fire rises.

This thread is a pleasure to read. Where are the threads which shriek in caps about disillusioned bagholding Linkies? And where's Michael? Is he dead? Has he finally sold his last ASN (or whatever it was) token? It's as thoughsomeone has opened a window and there's fresh air coming in

>>49745883
RED ALERT! THE OKEX EMERGENCY PAJEET HAS BEEN DEPLOYED!

>>49745814
It is schizo retard garbage. Imagine thinking fucking chainlink is influencing the global economy, you're only a few steps away from saying COVID was engineered to stop Chainlink. Your image shows two uncorrelated events and the fact you can't see that shows you spend too much time on /biz/

>>49745883
>>49745957

I'm probably talking to shills, but sure.

Chainlink has essentially arrived at a means of commodifying data itself, in the same way that Google figured out how to to commodify people's use of the internet earlier in the century.

A technology that commodifies data itself is potentially the most valuable tech on the market currently.

>>49745957
It was.

New thread >>49746043
New thread >>49746043
New thread >>49746043

>>49745638
thanks for taking the time to explain. I dont remember aave having this in place. Looks like the got some ideas from bancor.

New thread >>49746043
New thread >>49746043
New thread >>49746043

>>49745957
if this event happened in isolation, then yes you would have a point. however there has been a distinct pattern of markets dumping at specific link price levels or when bullish link news comes out. it's easy to chalk it up as "schizo retard garbage" if your pattern recognition abilities are underdeveloped, which seems to be the case for you here.

>>49746167
>>>49745957 is probably one of them. Damage limitation mode activated.

>>49745957

>>49746036
I'm not a shill or bad actor but obviously I can't prove that to you so lets move on. Noted on chainlink's potential but thinking that it moves the S&P500 is undoubtedly schizo, sorry.

>>49745524
Take your ESL reading comprehension and ESL metaphors out of this thread and kys.

The reason you can't understand why anons will go to such lengths in research is the same reason you'll never make it. You are a sheep who needs to be told what to do and what to think.

>>49746381
People even predicted both of these S&P500 dumps: >>49746335

>>49746167
>>49746324
>>49746335
How can you honestly believe that? I haven't been around much since last September but back then at least the schizo theories were mainly coordinated bitcoin dumps which is at least plausible. The S&P500 is not being moved by any crypto nevermind Chainlink at rank 21. It just isn't.

>>49746381
Agreed 100% that it's a bit of a stretch, and that was a different anon's claim, not mine. BUT I do think it's moving the Crypto markets themselves at least has a bit more legitimacy as a thesis. Continuing posting in the new thread

>>49746494
>How can you honestly believe that?
Believe what?

That the stock market turbocrashed immediately after both major staking announcements?
Because that's quite literally what happened.

>>49746036
awesome, congrats on finding out that people supress prices for more accumulation. i cant wait to see what you learn on your second of crypto! upvote!

Only good thread. I say that as a fudder

>>49746427
nigger i was in the ico. i didnt need screen caps from biz to tell me the value of link

>>49746553
wut?

>>49746494
I bet you think 19 arab hijackers were responsible for 9/11, right?

>>49746494
anon do you understand how many "there's no way that's true" things have happened in the past few years that have turned out to be true? the people who will thrive during the Great Reset are the ones who trust their intuition and pattern recognition despite the rest of the world telling them they are crazy. it's precisely why linkies will make it.

>>49746846
do you know how many schizo posts i thought were true but ended up finding out behind the scenes it was some faggot making a thread just having fun?

So basically greedy link judases are selling out our singularity for a measly 1%, which is retarded and short sighted..
I would rather have 0% on $1000, then 1% on $10

>>49746708
You are talking utter gibberish

>>49746038
imagine being as smart as he is and still wearing a useless mask lol whats up with that

>>49746710
you know english buddy? what part didnt you understand

>>49746945
random schizo posts are a completely different thing than a repeated series of events that have happened frequently enough to establish a trend. again, this is simple pattern recognition.

can we let this thread die already?

>>49747000
>i cant wait to see what you learn on your second of crypto!

>>49738282
Kek why is sergeys chair way taller then aris? The serg is asserting dominance

So basically, all loans and apy are pretty much only used for the purpose of shorting?
The only reason someone would want to borrow others crypto is to dump it and buy back cheaper?

Wouldnt that mean that ultimately its not in a crypto holders best interest to loan out any of their crypto, earning apy on it is attractive but if the only purpose of the loan is for shorters to dump those borrowed coins, then every lender is just shooting themselves in the foot.
I really dont get the obsession with apy, its a whole different game then traditional investments which are very stable and low risk.
Crypto is so volatile that its basically stupid to try to earn a few percent on coins when even one day of 5% dumps can totally cancel out a whole years worth of apy.
Apy is only attractive if the price can stay stable or go up, which is hard for crypto to do, so why loan out your coins for 1% when the only use for the loan is someone borrowing your coins to dump the price 20%, making your loan useless for 20 years