any other exchange?
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.
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
FTX is with Alameda on this shorting Celsius.
16.5 mil is like 10 million USD. Seems like peanuts for behemoth like alameda
Interesting. I'm surprised that an exchange would be behind this. Isn't an exchange supposed to behave neutral in the marketplace? 😆
LOL are you serious...exchanges are just as corrupted. their job is to make market that helps incurs feees
It’s down to 5 million as per latest update. So a good chunk of shorts got covered.
I'm just a humble stacker... i don't now much about the dynamics at play here😆
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
so its a pipe dream for ppl calling for $20 CEL then
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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