#LUNA#VGXHeros#Celsius#CELArmy#CELShortSqueeze
This year’s bear market has been marked by many devastating blows, all suffering devastating financial losses to loyal customers, many ask the question, why did this happen? Could these injustices have been prevented?
#FTX@SBF_FTX
Crypto News desks will have you believe it was the macro downturn & high inflation, while others scream ponzi or poor management decisions, but what if a more sinister plan was in play, lurking in the shadows and wreaking havoc on crypto communities.
What if the Crypto Industry has its very own Villain? A person/institution that has motive and ample money to influence the Luna Crash + trigger the subsequent domino effect into the various lending platforms noted above. The events of the last few months leave little doubt
recent events have set the stage for Crypto Industry giant such as @SBF_FTX of @FTX_Official to potentially profit significantly from a liquidation order on Celsius Network which could result in its infrastructure being absorbed into Alameda Family.
With @SBF_FTX@FTX_Official, “tightening the noose” around crypto with its dramatic expansion, it may seem plausible that, SBF sets to benefit dramatically with a successful takeover and acquiring these attractive crypto infrastructure platforms in a fire sale.
During the past 9 weeks, the @FTX_Official Global Lending for $CEL have ranged from 10m to 2m, with an accompanying range of $15M-45M USD registered as buy orders for $0.01 on the FTX International Order Book
During this time, a grassroots movement, trending on Twitter with #CelShortSqueeze led by #Celsius token holders, decided to fight back after realizing 93.37% of supply was locked for the foreseeable future, raising it from a low of $0.08 to a high of $4.63.
Twitter profiles called for holders to remove $CEL from all exchanges into self-custody + set high limit orders on popular Cryptocurrency DeFi aggregator, @1inch 4 prices $100 + above @ForbesCrypto@CoinDesk@Cointelegraph all covering the movement forbes.com/sites/mariagra…
Aimed at liquidating short sellers to extract wealth from collateral used to secure lending, back into the hands of users who are long $CEL, it is evident that while $M in short positions were liquidated and/or closed, the golden goose remained untouched, highlighting
The Short Position is much larger than visible on FTX Exchange
One prevailing theory was, the primary short seller is likely an institution who suffered destructive losses from the #Luna fallout + has a formidable link with @AlamedaTrabucco@SBF_FTX@FTX_Official
However, leaked information from a source wishing to remain anonymous within @FTX_Official, indicates the exchange has made an OTC deal by “loaning” millions in $CEL token to a third party. These loans were then masked by the institution via multiple OTC sales to other exchanges
In spite of this, two factors possibly not considered when opening this position, was the reported, 93% of token supply being locked on the platform under a legal court order + investors stepping in to take advantage, clearly seeking payback for the damage
At time of publication, there are 2M Short positions listed on FTX:CELUSD.
One only needs to question >>
WHY SPEND HUNDREDS OF MILLIONS IN DOLLAR TERMS TO DEFEND SUCH A POSITION?
With #FTX@SBF_FTX enormous amounts of capital and the willingness to pay exorbitant lending fees all for what appears to be a vendetta to destroy the CEL token’s market value and therefore, #Celsius Network.
With millions in CEL #FTX@SBF_FTX@FTX_Official -off-market Short Positions, this is theoretically possible if the majority of holders list their $CEL for sale at $100 and higher. #CELShortSqueeze
This forces @FTX_Official@SBF_FTX to make a decision. Protect the “Crypto Villain” hiding in the shadows, by taking on the liability which could potentially deteriorate the platform into insolvency. Or margin call this loan(s), forcibly recalling back millions, potentially
billions of dollars in collateral back to affected communities, therefore transferring the wealth from the bad actors as “exit liquidity” into #Celsius, #Luna & #Voyager Communities.
Passionate #Luna#VGX#CELArmy investors may get their wish. 1 can imagine the destruction to traders who are, “caught short” triggered by increasing price in the digital asset, especially if vengeful investors dedicated to fighting injustices + market manipulation have their say
Current supply is being monitored via API through a community powered dashboard below. If you include up to 20M or more tokens off-market, this makes for interesting viewing. legacysynthesis.com/cel/
How to participate?
Retweet + Share message with your communities, via discord, TG
With 20M $CEL in off market shorts + available supply under 6M
The #CelShortSqueeze is well + truly in effect + there is more than enough liquidity to bankrupt the institutions responsible
As the scale of the fraud, mounting into the deca-billions, is discovered, we are distracted by the pantomime being played out with SBF and his “gang of 4”. It is all misdirection! The puppet master behind the scenes is Dan Friedberg, FTX “legal Counsel”.
While the world is leaked stories of drug fuelled sex orgies at the Bahama penthouse of SBF, Harry Potter Math defect, Caroline Ellison and strange hacks on FTX draining the last remaining value of client funds, we don’t see much about Dan Friedberg. He is back at home
#CELShortSqueeze
I have been receiving many private DM's recently on the possibility of "off market" short positions + how we are being duped by #FTX + @SBF_FTX
Are there + 10-20M Shorts out there?
How Can We Find out?
Comments 🙏
Here is 1⃣ leading scenario to consider
HF or institutional money are doing OTC quite often because of two reasons:
- Hide the actual purpose of a trade
- Keep the price of the asset stable (for the moment of the OTC at least)
Mostly they are approached by a third-party institution solely for the purpose to
manipulate an assets current price to rather buy or sell it over or undervalued respectively.
This kind of trades are done with spot market shares or their direct derivatives (shorts or longs) of an asset otherwise an OTC would not even be necessary given the possibility to
Because they have been preparing for this fight since the beginning.
It is the fight of their life.
He has been fighting this war and now it's our turn to play some damn defence 💪 #CelShortSqueeze
🧵
I've literally listened to every AMA for 2.5 years.. So what I am thinking about @CelsiusNetwork maybe doesn't resonate with you as you may be in a different understanding with what you know or trust about the business or @Mashinsky
Alex has been saying since Day 1
"Banks are not your friends"
FFS, the guy had t-shirts made
He brought this fight front & centre
His other main narrative is "no fee's" + he's been clearly downgrading Nexo, BlockFi + all the others for years.
ALL WHO CHARGE FEES
After talking further with people on the inside, here are some valuble insights directly from @FreewayFi CEO, @grahamdoggart
_
Here is some clarification on how user deposit rewards are created + why user's deposits are untouched, not lent out, no charge on them, not used to >
secure anything (and why they can say, better than a bank for holding assets)
No other project they know of have a fully regulated crypto brokerage license.
Ok, so Prime brokerages can allocate leverage (credit to trade at higher volumes) and after a regulatory shakeout, >