Cryptheory – Just Crypto

Cryptocurrencies are our life! Get an Overview of Market News

BTC Risks Further Loss?

3 min read

Bitcoin loss

Sponsored post*

BTC Risks Further Loss?

On June 2, BTC and altcoins saw double-digit rallies, with BTC briefly stood above $38,000, and dogecoin increased 40% once. The rally failed to spark hope among investors, and the BTC fear and greed index is at 24, indicating extreme fear. Investors have good reasons to fear as the market saw a 50% loss recently. 

On June 4, Musk posted a tweet: BTC, broken heart. Later, he tweeted again: Canada, USA, Mexico.

They are interpreted by most people as: goodbye BTC (he may have sold his BTC) and all the way south (bearish BTC)

In fact, 5 hours after his release, BTC fell by more than 10%.

One indicator shows that the recent rally could be another market top. In a Delphi Digital report, the MVRV ratio that measures BTC’s market value against its realized value is analyzed.

BTC Risks Further Loss?

According to the report, the MVRV ratio in May 2021 is similar to those in early 2011, late 2013, and early 2018. In these periods, BTC price made ATHs before falling hard. 

How to earn profits from the price drop?

Volatility is scary, but with the right tools, it’s greatly beneficial for earning money. With a bumpy road ahead, traders can engage in margin trading to hedge loss and earn profits. 

Let’s see how we can benefit from the price drop of BTC:

Assume we used 1 BTC to open a short contract when BTC was trading at $35,000. Please note that with 100x leverage, 1 BTC can open a contract worth 100 BTC. 

If the price of BTC dropped to $33,000.The profit will be ($35,000 – $33,000) * 100 BTC/$33,000 *100% = 6.06 BTC, making the ROI 606%.

Margin trading is a mature derivative in the crypto market. Established in 2017 and headquartered in Hong Kong, Bexplus is a leading crypto derivatives trading platform offering 100x leverage futures trading on BTC, ETH, LTC, EOS, XRP and etc. 

How to start?

Sign Up 

 Bexplus requires no KYC, so you only need to open an account with an Email address in just 1 minute. Once registration is complete, a trading account and a demo account with 10 BTC will be opened automatically.

Practice Your Skills: A Demo Account

 Successful traders are those who learn to analyze the market and could always keep a clear head. The best way to improve your skills and mindset is by practicing in the free demo account. 

 Every user is given 10 BTC at the beginning, and they are replenishable, so you can try out different strategies as much as you like. 

BTC Risks Further Loss? 

Make A Deposit And Claim Bonuses

No deposit fee is needed. You can start your deposit at 0.001 BTC. Bexplus supports BTC, ETH, etc., as well as USD, EUR, and GBP deposits. 

To help traders earn more profits, Bexplus offers a 100% deposit bonus to every trader. Deposit 1 BTC, and you will get 2 BTC, and up to 10 BTC is available for each deposit. The bonus is not withdrawable but could be used as a margin. 

BTC Risks Further Loss?

Earn Passive Income With Bexplus

When you are not trading, you can transfer your BTC to the interest-bearing wallet and enjoy up to 21% annualized interest

The interest is calculated daily, and the revenue of the deposit will be settled monthly. The monthly interest is calculated as (S*I/365*30)=MI. S represents the sum of the deposit, I stands for interest, and MI is the monthly interest.

The crypto market is full of opportunities, don’t hesitate to join and claim your profit!

Sign up to get a 100% bonus and use a simulated account to test your strategy.


*This is a paid article. The Cryptonomist didn’t write the article and didn’t try the platform. Invest at your own risk.

The post BTC Risks Further Loss? appeared first on The Cryptonomist.

Source link

All content in this article is for informational purposes only and in no way serves as investment advice. Investing in cryptocurrencies, commodities and stocks is very risky and can lead to capital losses.

Leave a Reply

Your email address will not be published. Required fields are marked *