How much money would it take to margin call the BTS shorts and kick of a short squeeze?
How much money would it take to wipe out the margin longs?
Is there any way to estimate this?
When we are at 3000 satoshi, about 200 btc in a market buy couldve margin called every short and spiked us to about 5000. But it would have come back down, it just wouldve ruined htsoe shorts and given free btc to some bts holders who sold.
Right now there arent any bts shorts anymore, they all covered on the drop.
To margin call all the longs, it depends on whether anyone is long at any given time, but basically all it takes is a market dump of about 5M bts onto polo, and you begin a cascade margin call that wipes everyone out, just as has happened a half dozen times so far during the decline.
It seems like all of this margin trading is just begging for a whale to clean up, and it appears that is what is going on.
Thats exactly what has happened.
Our community got crushed by some whales who margin called a bunch of us. We didnt have enough BTC left at the top to margin call them when they were shorting sadly. (But I am sure we did margin call some shorts at least three times on the way up form 1400 to 3000).