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Why is it important to buy cel on ftx vs

any other exchange?

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well i guess the only other exchanges that sells CEL is what Bitfinex

it seems that Alameda (Trabucco) and FTX are behind this short. That's why taking liquidity from FTX is key.

Jan Evl
Okay👍

on top of that i think FTX has the most exchnage voluem for CEL and is the one that has a lot of shorts on CEL like 16.5 million CEL

EC83
on top of that i think FTX has the most exchnage v...

FTX is with Alameda on this shorting Celsius.

EC83
on top of that i think FTX has the most exchnage v...

16.5 mil is like 10 million USD. Seems like peanuts for behemoth like alameda

Jan-Evl Автор вопроса
EC83
on top of that i think FTX has the most exchnage v...

Interesting. I'm surprised that an exchange would be behind this. Isn't an exchange supposed to behave neutral in the marketplace? 😆

Jan Evl
Interesting. I'm surprised that an exchange would...

LOL are you serious...exchanges are just as corrupted. their job is to make market that helps incurs feees

EC83
on top of that i think FTX has the most exchnage v...

It’s down to 5 million as per latest update. So a good chunk of shorts got covered.

Jan-Evl Автор вопроса
EC83
LOL are you serious...exchanges are just as corrup...

I'm just a humble stacker... i don't now much about the dynamics at play here😆

Bob S
It’s down to 5 million as per latest update. So a ...

did most get wiped out when it pumped to $2.50?

EC83
did most get wiped out when it pumped to $2.50?

Yes came down to 7.5m. And in last 24 hours down to 5m

Bob S
Yes came down to 7.5m. And in last 24 hours down t...

so its a pipe dream for ppl calling for $20 CEL then

EC83
so its a pipe dream for ppl calling for $20 CEL th...

Yea very hard in my opinion. Shorts premium also keep swinging. Yesterday was 2600%, while ago was like 100%. At 100% it’s not expensive to keep shorts open.

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