Pump It🌖

LARP ALERT! Yesterday this clown BrutalBtc posted a P&L card with $15.5M short entry at exact price of 97,900 and it's FAKE, that trade did not happen on a real Bybit perps orderbook, it was executed on Demo account. Why? Because the executed volume at that price doesn’t match that position size. On the 1-minute BTCUSDT Bybit futures Footprint chart, there is nowhere near $15.5M traded at 97,900. Total interaction at that level is only a few million, with minimal selling on the bid. Could it have been filled with passive limit orders? Still NO. Even if he was the only liquidity provider on the entire exchange (which is not), less than half of a $15.5M short could be filled at or above 97,900. The rest would have to be executed much lower, pulling the average entry into the 97,800s. High of the day was only ~97,963. Even under perfect execution assumptions, the math doesn’t work. Now look at Open Interest on the 1-minute chart using data only from Bybit: OI dropped on the spike up = shorts were closing. If a large limit short was filled, OI would stabilize, but it didn’t. That means no size replacement occurred. I told him to set up a public verification page on Coinmarketman, but instead he blocked me. He trades on Bybit demo account and on Weex (B-book cex) with paper money and larps as a whale. Unfollow him. Hope this explanation was helpful to understand the order flow too.

Sorry, my gut says we go lower from here.