Chapter 507 [Semi-Annual Report of Qunxing Capital]

A historical level of super huge volume, unprecedented change of hands.

Many participants who hold Bitcoin are a little apprehensive, but they are more looking forward to it, because such a transaction volume is not something that Xiaosan can do, and in the eyes of many Xiaosan, large funds should not be stupid.

Since you dare to pick it up at this position, it means that the price of Bitcoin at $1,000 is far from the top.

Then on the second day, the price trend of Bitcoin collapsed in a situation where participants were generally optimistic.

In the case that Merrill Lynch’s funds did not continue to take orders, Bitcoin could not bear the selling pressure, and the price blew all the way. It exploded from $1007.92 to the lowest price of $646.40 on the same day, and the biggest drop in the day reached the -35.86% water level. Notional market capitalization wiped $7.6 billion.

However, when the price fell to 646 US dollars, Qunxing Capital's trader team started to work. Merrill Lynch's funds entered the market to support the bottom, and the price of Bitcoin also stopped falling. It closed at 727.20 US dollars that day, closing down- 27.85%.

The flash crash of Bitcoin today caused many participants to pee in shock, and the short sellers finally mustered up the courage to open short positions, dare to look short, and dared to increase their short positions.

In fact, today’s trading volume for the whole day is only about 1.5 billion US dollars. Although it is also a large amount, it is only 7.5% compared to yesterday’s terrifying volume.

Today the trader team is conducting a stress test at this price to see how much the market's real selling pressure is.

Judging from the current results, it is still easy to collapse.

However, it is easy to crash, but it is also easy to take over, because now more than 70% of the chips are concentrated, Fang Hong himself secretly holds 3.15 million chips, the trading team still has 600,000 chips, and Merrill Lynch has taken 3.5 million chips.

Many of the remaining 30% of the circulating chips are in a "sleeping" state. To put it bluntly, some people have bitcoins, but they don't know where they are going.

That means that there are not many chips in the circulation plate, and only a few chips are changed hands among the participants who follow the wind and speculate.

After the sharp drop, Bitcoin began to recover on the second day, and the price rushed to $830.71, a surge of +14.23% on the day.

In the next three days, Bitcoin went out of a continuous rise in a wide range of fluctuations. The amplitude and increase of the day were +0.53% and +16.43%, +4.20% and +12.40%, and +11.39% and +11.39% respectively. With an amplitude of 16.43%, the latest price trend of Bitcoin rushed to the price of $969.35 on August 16th, which is likely to set a new high.

One yang changed three views, and Si Lianyang once again approached the $1,000 mark, making the bulls firmly believe that the historical high of $1,059.96 will be broken sooner or later. The cost price of large funds is around $1,000. How could it be the top?

Absolutely impossible!

The last $302.56 was thought to be the top of the universe, but now it is a proper bottom, and the price of $52 last time was thought to be the top of the universe, and now looking back, it has been pressed to the floor.

Therefore, the price of 1,000 US dollars is definitely not the top. The cost price of the big funds is here, and the big funds will leave without making money? Is the big money a benefactor who comes to send money to the market?

Obviously impossible, just do it, and the target price is 2,000 US dollars.

The current currency circle is full of bulls, super optimistic, all kinds of hype, including decentralization, constant total amount, definition of safe-haven assets, etc...

As for the media and some people in the investment circle questioning the manipulation of Qunxing Capital, no one cares, after all, the price has not collapsed.

The high price of Bitcoin has also promoted the continuous rise of the mining boom. Many people are very eager to see the sudden wealth in the encrypted digital currency market, but they have no bargaining chips in their hands and are unwilling to chase the high.

what to do?

Of course it is mining!

Mining out one bitcoin is close to $1,000.

It is worth mentioning that after falling below the 2,500-point mark during this period, Big A ushered in a retaliatory rebound for four consecutive days, and the index also regained the 2,600-point mark.

The strength of the rebound can be said to be very strong, but no matter how strong it is, it is only a rebound, not a reversal. After the rebound is over, it will have to fall, and it will continue to fall to a new low.

...

Quiet Villa.

In the afternoon, Tian Jiayi came back from the company and brought back Qunxing Capital's financial report for the first half of the year.

At this moment, she is reporting to Fang Hong: "The company's revenue in the first half of this year was 432.685 billion yuan, a year-on-year increase of +51.42%; net profit was 134.132 billion yuan, a year-on-year increase of +56.49%, and the net profit rate was 31%."

Tian Jiayi paused for a moment and looked at Fang Hong, who was browsing the financial statements, and added: "As of June 30 this year, the company's net assets at the end of the period were 2,197.787 billion yuan, a year-on-year increase of +21.18%; total assets were 2,531.456 billion yuan, a year-on-year increase of +21.77% , The debt scale is 322.636 billion yuan, a year-on-year increase of +49.63%, but the company's debt ratio is 12.74%, and the liquid cash is 573.458 billion yuan, a year-on-year increase of +205.03% and a month-on-month increase of +25.39%.

Fang Hong browsed the material report and said to himself: "In half a year, the cash reserve has increased by more than 110 billion yuan. It seems that the money is being spent more and more, and it is impossible to spend it all..."

Hearing this, the beautiful assistant didn't feel much anymore. He always felt embarrassed when he said this before. In the past six months, the global economy has been in recession. Everyone's life is hard to blame. It's almost full of hatred. Rhythm.

Qunxing Capital is not affected by the economic recession at all. After all, if the market is bad, there are bad investment methods. It is nothing more than shorting.

More than 85% of the company's profits this year come from overseas markets, and half of the profits are obtained through short-selling. In the second half of the year, the short-selling profits will undoubtedly be further expanded.

As for Big A, although it has also made considerable profits, it is relatively small in Qunxing Capital's report, accounting for less than 20%.

Although the big A has fallen miserably, and bears the crown of the world, the few stock index futures that can be shorted are not big. Fang Hong has no intention of letting Qunxing Capital short the A-share market, and its positioning is also very clear. In the big A-share Just play the role of going long, at most close the position and withdraw, and will not take the initiative to short open stock index futures, even if the scale of stock index futures expands in the future.

You cannot cut all the money in the market.

And you have to understand something, the refinancing plan of the four major banks is to expand the capital adequacy ratio of the bank, and Qunxing Capital has also prepared a scale of 100 billion to purchase.

Fang Hong put down the materials, then looked at Tian Jiayi and asked, "By the way, what's the situation with the education grant fund?"

More than three months have passed since the opening of quota declaration, and the time window for the first batch of quota declaration has also passed. Now the declaration has stopped, and after that, the final quota will be confirmed by random drawing.

At present, the attention on this matter on the Internet is also very hot.

After a while, Tian Jiayi said in an orderly manner: "The final lottery will be held the day after tomorrow, and all the work has been prepared. According to the data from the Student Fund, the number of applicants this time has reached more than 1.78 million, far exceeding expectations. According to the application Judging from the information on the number of places, it is mainly from the central and western regions, with more than 1.35 million names, accounting for more than 75%.”

...