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After Bitcoin surged and then retraced to around $71,500, addresses starting with 0x049 continued to open long positions with 20x leverage on BTC, while simultaneously opening 20x leveraged ETH long positions, totaling a scale of $40 million. Meanwhile, Jiang Zhuoer, founder of the LaBit mining pool, announced that he had shorted ETH at $2,242.
These two are headed in completely opposite directions, yet they both probably believe they are right.
The most ironic thing about the capital market is this: both people think they hold the truth, and there is only one truth. The other will be liquidated at some future price — or maybe they are right, and the other side is just the sucker.
Who is right? The market votes with money behind closed doors. #Gate广场四月发帖挑战 $SWARMS