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Main => General Discussion => Topic started by: cylonmaker2053 on April 14, 2016, 01:07:38 pm

Title: Why is so much CNY being dumped below feed?
Post by: cylonmaker2053 on April 14, 2016, 01:07:38 pm

I've been buying and settling CNY the last few days whenever I see a big order pop up below feed. To me this is an indication that supply exceeds demand at the moment. Anyone actively trading this market have a better explanation?

Title: Re: Why is so much CNY being dumped below feed?
Post by: xeroc on April 14, 2016, 02:48:37 pm

There is a 24k CNY settlement waiting ..
Either the Chinese are super bullish of BTS, or someone with a lot of CNY would like to exit through a more liquid market e.g. BTS ..
If we are lucky .. someone will sell his BTS into market :)

Title: Re: Why is so much CNY being dumped below feed?
Post by: cylonmaker2053 on April 16, 2016, 05:11:27 pm

Quote from: xeroc on April 14, 2016, 02:48:37 pm

There is a 24k CNY settlement waiting ..
Either the Chinese are super bullish of BTS, or someone with a lot of CNY would like to exit through a more liquid market e.g. BTS ..
If we are lucky .. someone will sell his BTS into market :)

yeah it's interesting, that big dump is over. i ended up buying below feed and taking on the 24 hour price exposure to settle.

Title: Re: Why is so much CNY being dumped below feed?
Post by: Shentist on April 16, 2016, 05:16:02 pm

Quote from: xeroc on April 14, 2016, 02:48:37 pm

There is a 24k CNY settlement waiting ..
Either the Chinese are super bullish of BTS, or someone with a lot of CNY would like to exit through a more liquid market e.g. BTS ..
If we are lucky .. someone will sell his BTS into market :)

maybe some "insiders" were leaving before the announcment.

Title: Re: Why is so much CNY being dumped below feed?
Post by: cylonmaker2053 on April 19, 2016, 01:39:30 pm

Quote from: Shentist on April 16, 2016, 05:16:02 pm

Quote from: xeroc on April 14, 2016, 02:48:37 pm

There is a 24k CNY settlement waiting ..
Either the Chinese are super bullish of BTS, or someone with a lot of CNY would like to exit through a more liquid market e.g. BTS ..
If we are lucky .. someone will sell his BTS into market :)

maybe some "insiders" were leaving before the announcment.

what announcement?