Cel Short Squeese Ape Games With A Dead Token

I've already spoken about the Celsius shutdown, many users are crapping their pants hoping they can get their funds back, while overs have written it off as a loss. BlockFi also seems to be on the brink, until FTX came to save them Celsius is still looking to secure funding but that remains to be seen.

Nexo offered to buy them out recently but they refused and feel that they can still turn this around.

They are starting to deleverage what they had in DEFI to bring funds in-house, and recently paid back $10 million in DAI they had secured based on other collateral.

Their current investors have stated they are not looking to put money into the struggling lender while news has surfaced that they are speaking to Citi Group to try and secure funding

Actual footage of CEFI users asking for their funds back

Regardless of the facts I mentioned above, Celsius remains closed for withdrawals and users are still on the hook waiting to see if they'll ever get anything back or will this be the crypto market's next big blowup. If we consider that Celsius has had $20 billion under management, it's going to be quite the liquidation should they finally give up the fight.

The longer they take to resolve this, the more people feel angry and anxious and the civil lawsuits are racking up, C-suites could be on the hook and that's why they need to get capital and try and keep going or it could be more than just a bad business model blowing up.

If you have to get lawyers involved to get your money back and it's not a gauretnee, then what good is it doing using a blockchain-based asset? It's self-defeating and it's the customer defeating themselves.

CEL token sell-off

As you can imagine the news on top of liquidity draining from the shitcoin market has tanked the price too as low as $0.25, gapping down from a high of $6.50, it's been a 99% drop in value and market cap and the coin they used to pay out investors additional rewards is now worth pretty much nothing.

Celshortsqueese

CEL's price rocketed from $0.67 on June 19 to $1.59 on June 21, a 180% spike compared to the crypto market's 12.37% rise as a set of traders try to blow up short traders who are holding a bunch of the float.

Now as sophisticated traders play ape games and try to oust each other from positions, you get normie moron retail traders that are looking for a quick pump and pile on without knowing what is actually going on. They increase the short squeeze but they will only be exit liquidity at the end of the day since they have no clue how to exit a trade like this.

Bullish sentiment for morons to trade on

Some say the rally started on news that PlanC, an independent market analyst, announced a $20 million bounty for anyone who could prove that the Celsius Network suffered a coordinated attack at the hands of a third party.

While some shitcoin casino is jumping on the bandwagon and has launched a CEL/USDT market to try and profit from traders looking to secure liquidity for this trade.

Every day in crypto delivers a new and interesting way to profit.

For any of you looking to get in on the #Celsius #CelShortSqueeze action we have great news, $CEL is now available for trading on Bitrue!

Trade now at https://t.co/FMvxsFFJkm pic.twitter.com/LIdyW4E2lS

— Bitrue (@BitrueOfficial) June 21, 2022

Sometimes my jaw drops and brain pains when I see the level of stupidity and wasting capital going on in this market but I am grateful, while people chase the next thing like a magpie, the obvious trade is not the crowded one.

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