⚠️This is SHOCK urgent reading



Jane Street employs a strategy: accumulating assets, then sharply crashing the price and profiting from shorts.

Using a similar algorithm at 10:00 AM New York time (5:00 PM Moscow time), they operated in the Indian market and earned $4.23 billion, after which the Securities and Exchange Board of India (SEBI) temporarily imposed restrictions. Currently, the company has $560 million frozen in an escrow account, and the investigation is ongoing.

The scheme is simple:
1. Have billions of dollars from investors

2. Buy spot Bitcoin, for example, at $68 000

3. Open large shorts through options and derivatives

4. Within minutes, sell large volumes of BTC using algorithms in low liquidity conditions or amid negative news to provoke panic

5. The price drops to $62 000

6. Close shorts with huge profits, losing only about 5% on the spot

7. Rebuy Bitcoin at $62 000, trigger a short squeeze, and fuel FOMO

8. And open large shorts again…

And so on in a cycle 🍸
#btc
BTC-2.57%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)