BitMEX & Tether: The PUMPit Masters!

Hey yo, howzit going with the daily faithfuls
of this channel, the Chico Army & of course those newbies, the viewers of the tube. My name is Tyler the host of the crypto channel
that can turn a peaceful day, upside down, kind of like this fisherman’s…now if a meth lab blows up in the woods, does it make
a sound? It’s time for Chico Crypto! Well BITCOIN has decided to explode too, and
has officially broken the RESISTANCE. Sunday we touched it 10k, but got rejected…although
once the clocked tipped over to Monday, the price started moving and moving, and as of
yesterday, when shooting this video we were sitting above $10, 700 No doubt, no doubt…. that is good as this
resistance level has attempted to be broken more than a few times throughout the year
which it failed to do so…and guess what someone special loves when we break this level
Arthur Hayes, CEO of Bitmex as he starts tweeting like a mad man.

And this 10k break attempt is no exception. He tweeted once we broke it, “you gotta
pump it up”on Sunday…then yesterday with the official break, he tweeted “IT'S A FUNKING
BULL MARKET ARE YOU READY!!!!! And finally he ended it with this, a picture
of scrooge mcduck skiing down all monies, with this “
“I told y'all about my pocket rockets. I'm 'bout to go Scrooge McDuck on this mother
funker.” So is Arthur Bullish? Well that depends, on what people are doing
on his exchange, and beyond….

Which way is the leverage leaning long or short? If majority are going LONG, they will pull
the rug out, and we will drop below 10k again…if majority are shorting, they will continue
the pump. And here is a prime example, one of the last
times we tried to break 10k. Let’s see what Arthur was tweeting…this
May 14th “Stonks be rolling over, #bitcoin be mooning. SPX double bear market rally top at the 62%
retracement, rut roh.

Fire up those stimulus checks and let’s
take out $10k bitcoin”…then just a few days later “A gunslinger never sits with
his back to the entrance. Watch the backend, XBTU20, rocket as we tear
through 10k. Which did not happen, there were a few attempts
but the price deflated into high 8k levels. And what type of trades do you think got rekted
back then? Shorts in the beginning, and then Longs at
the end. Using Wayback machine, and looking at Datamish
long vs short liquidations, during that time in May. As we can see, when the price started to rise
at the end of April shorts were getting liquidated majority over longs, but not much money, in
Bitmex liquidation Terms, as the largest day only topped 50 million face value…well let’s
expand it out, once the 10k rejections came….majority long, with one day during that time period,
topping out at 277 million notional value on just longs…ya the exchange, made bank,
once he got people BULLISH…wasn’t money to be made with those bears, as liquidations
got nowhere near this level with shorts, but LONGs oh ya.

So, looking at Datamish data for this recent
pump, we can see over the past week it has been majority short liquidations, and the
levels are so so, but nothing like back in May….hmmmm? Those bullish longers, to get REKT next? Well I wouldn’t doubt, seeing damage on
the rekto app, breaking 100 million in 24 hours here soon! And that doesn’t mean I’m bearish you
guys, like I said, it all depends on what people are doing on the futures exchanges,
are they majority long or short? And people might be catching on to ole Hayes,
whipper snapper moves. Some of the top comments his most recent series
of bullish tweets are “He clearly stated that a dump is incoming”…”Uh Oh Local
Top SingaL” …”Arthur Hayes just tweeted!!!! Have your shorts ready!!!!! & “Dump Incoming”….. So, these traders know Arthur’s Game, and
in the past after he has tweeted, especially around this 10k level, a dump down…rekting
the longs. But Arthur aint no dummy, and if people majority
think he is pulling a quick 1-2 like he did in the past, he just might pull out the three,
and rekt the shorts…big time.

Because the final tweet, is a person who just
posted an infographic….which explains that market movements are much more than just a
factor of crypto hayes. They posted how the Tether Pump works. Number 1, Tether prints to buy Bitcoin, thus
the Bitcoin and USDT pair skyrockets….arbitrage bots, buy up the BTC USD pair, because everyone
is under the assumption, 1 USDT=1 Dollar. This overall price increase brings in dumb
money, from new traders & seasoned traders as the media blasts it across our screens.

BTC/USDT pair skyrockets, arbitrage bots buy
BTC USDT, skyrocketing it further…and then finally there is those who cash out, Tether
of course sells the BTC they got, from their printed Tether, for USD, and that fugazi money
is now semi backed by USD…they pay out the few who “redeem” it, and then the rest
is theirs. And if you have been following my channel,
we know about this, and we’ve known about this for some time, and the walls are closing
each and everyday on Tether’s issuer and manager of the printer…Bitfinex. We know they lost the appeal, they will have
to face trial and turn over documentation. And it’s going to reveal a lot, a whole
freaking hell of a lot…and not just about Bitfinex. Here is what they are required to do…all
documents concerning bitfinex users, accounts, clients, or customers that reside or are believed
to reside, do business, or believed to to do business in New York…and then all documents
of those who just hold it, who are in New York…and finally all documents concerning
any business relationship with any New York based or licensed company….

So, you remember this piece of evidence the
AG has, its correspondence between Bitfinex and a Galaxy Digital, which as we can see
they reside in New York. Who owns Galaxy? It’s Micheal Novogratz… (Laughing) But it gets even worse, Bitfinex
will have to turn over all documents regarding any transaction regarding the US dollar reserves
underlying the Tether…all documents of the “loans” made between third parties, including
between Tether and bitfinex… And then these big ones, all documents evidencing
all requests, orders, or demands for US dollar withdrawals from the Bitfinex platform, and
all documents evidencing each order or request for purchase, issuance or redemption of Tether
since January 1st 2017.

WHOOOO Bitfinex better have their accounting
in order…because below that they want all banking documentation & the identification
of all New york and US customers whose funds were provided to crypto capital…YIKES the
shadow bank… So the big reveal is coming, and it won’t
be good you guys…per example…here. In July of 2018, it was announced by Bitfinex
that Tether was getting a Real Chief Compliance officer, CCO. The article on it states “The British Virgin
Island-based company announced on Thursday that Leonardo Real will be responsible for
making sure Tether is following regulations. Real was previously quality control manager
at Bank of Montreal’s anti-money laundering office” Well I wonder what has happened to REAL? Well he had a Linked’N profile, with his
image on it, as we can confirm from RocketReach, which pulls the data…as we can see Chief
Compliance Officer @ Tether…well let just click on the Linked N button…oh leonardo
has deleted his Linked, Tether’s chief compliance officer, which throughout yesterday, he was
slowly deleting it all, someone on Twitter caught it, with profile images deleted, but
not the full profile…yet.

And then someone luckily caught another image
of him, besides the small one stored on rocket reach, him posting himself meeting the pope…which
is a good thing, because if you search his name on google, Leonardo Real Tether, literally
nothing comes up, and what else is suspicious, is there was a ton of controversy for when
Mattew Tremblay, former CCO left and LEO took over…Trembaly went missing, and Tether never
added LEO to the team page like Matt…. And don’t you find it suspicious, that in
just the past 7 days, the market cap of USDT has increased by nearly 400 million dollars….I’m
telling you guys, the big one is coming…expect a growing radio Silence from those involved
with Tether as time goes on, and this summer of Euphoria ramps up, and then comes to a
close. And I’ll just close this video out with
this, the front page of the subreddit bitcoin….post after bullish post, to the moon please, 10k,
hODL on, it’s christmas in July and 10.5k REKT…and just below that, read what it says
Bitcoin cracks the 2020 high at 10,500 onnnnn Bitfinex…yes they were leading this pump,
with the BTC USDT pair.

Which can easily be seen, when you lay out
the pump, next to the price stability of Tether. During the pump, Tether broke the peg, because
there was “Demand” for it, aka the BTC USDT pair went off, creating arbitrage opportunities
and that the pump cycle begins. Cheers viewers I’ll see you next time.

You May Also Like