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Tintinx2021
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How Chinese Whales Trader Bagged 250K USDT in Just 4 Hours On $SLERF
Hey, Fam.
You probably saw $SLERF flying on OCT 18. Chinese whale traders pulled off a clean 4x, each walking away with over 250K USDT.
Let's break it down and learn Chinese crypto wiz Tintin!!
1/The Setup
While most overlooked slerf after its delisting announcement.
Some Chinese whale trader noticed a unique setup.
2/ The Timeline
> Oct 16 08:00 UTC
OKX announces delisting and halts deposits/withdrawals.
slerf is now trapped on the exchange.
> Oct 18 03:58:51 UTC
Binance announces delisting slerf futures. Attention shifts.
> Oct 18 04:55 UTC
@熬鹰资本 spot the critical divergence:
1. On-chain liquidity pool: $20M
2. OKX spot volume: only $180K
They accumulated at the OKX spot bottom of ~$0.06 and recognizing that minimal capital could move the illiquid market.
Simultaneously, they deploy long contracts on Binance futures to capture cross-exchange momentum.
> Oct 18 05:03 UTC
@熬鹰资本 shared the find in tweet. 15min later, the $SLERF price rocketed from $0.11 to $0.43.
3/Their Cross Exchange Oracle Arbitrage Strategy
>Scaled in at $0.06.
>Took first profits at $0.07.
>Revealed the play at $0.11, triggering the Chinese FOMO pump.
>Fully exited between $0.30 - $0.40.
They bought the illiquid OKX spot market, pumping the price.
Binance's futures use the OKX spot price as an oracle reference.
As the OKX price soared, it dragged the Binance futures price up, allowing them to profit from their pre positioned long contracts.
A disciplined take profit strategy, maximizing gains at each stage of the pump.
Disclosed PnL from this move alone: >$250K.
/FINAL PART
OKX Reopens Deposits/Withdrawals
This destroys the liquidity island.
Arbitrageurs act fast:
>>Buy on-chain (~$0.066)
>>Deposit to OKX
>>Sell instantly on OKX (~$0.40+)
>Immediate Effect
A market-driven sell tsunami crushes OKX spot price.
>Comprehensive Outcome
Feedback loop on Binance is cut. Both OKX spot & Binance futures collapse.
Arbitrage power + market forces = delivered the final
Hey, Fam.
You probably saw $SLERF flying on OCT 18. Chinese whale traders pulled off a clean 4x, each walking away with over 250K USDT.
Let's break it down and learn Chinese crypto wiz Tintin!!
1/The Setup
While most overlooked slerf after its delisting announcement.
Some Chinese whale trader noticed a unique setup.
2/ The Timeline
> Oct 16 08:00 UTC
OKX announces delisting and halts deposits/withdrawals.
slerf is now trapped on the exchange.
> Oct 18 03:58:51 UTC
Binance announces delisting slerf futures. Attention shifts.
> Oct 18 04:55 UTC
@熬鹰资本 spot the critical divergence:
1. On-chain liquidity pool: $20M
2. OKX spot volume: only $180K
They accumulated at the OKX spot bottom of ~$0.06 and recognizing that minimal capital could move the illiquid market.
Simultaneously, they deploy long contracts on Binance futures to capture cross-exchange momentum.
> Oct 18 05:03 UTC
@熬鹰资本 shared the find in tweet. 15min later, the $SLERF price rocketed from $0.11 to $0.43.
3/Their Cross Exchange Oracle Arbitrage Strategy
>Scaled in at $0.06.
>Took first profits at $0.07.
>Revealed the play at $0.11, triggering the Chinese FOMO pump.
>Fully exited between $0.30 - $0.40.
They bought the illiquid OKX spot market, pumping the price.
Binance's futures use the OKX spot price as an oracle reference.
As the OKX price soared, it dragged the Binance futures price up, allowing them to profit from their pre positioned long contracts.
A disciplined take profit strategy, maximizing gains at each stage of the pump.
Disclosed PnL from this move alone: >$250K.
/FINAL PART
OKX Reopens Deposits/Withdrawals
This destroys the liquidity island.
Arbitrageurs act fast:
>>Buy on-chain (~$0.066)
>>Deposit to OKX
>>Sell instantly on OKX (~$0.40+)
>Immediate Effect
A market-driven sell tsunami crushes OKX spot price.
>Comprehensive Outcome
Feedback loop on Binance is cut. Both OKX spot & Binance futures collapse.
Arbitrage power + market forces = delivered the final
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
