SPONSORED POST*
The cryptocurrency market has been fighting a dangerous typhoon recently since the panic sell-off brought about by US stocks and FED’s policy flip. Bitcoin (BTC) price plunged from $39,500 to $29,000 from May 5 to May 11, dropping by 26% in 6 days. And this plunge has also made more people apprehensive. The Fed hikes interest rates, the US stock market plunges, bitcoin is closely following the Nasdaq and other events.
On May 11, Blockchain protocol Terra failed to steady its falling crypto LUNA, which crashed by 98% of its price and lost most of its market cap. Panic started to spread across the crypto market overnight. All of these show that the crypto market may experience a hard time. However, in the face of today’s falling market, a number of factors suggest that Bitcoin’s bottom price has not yet been reached.
Crypto analysts’ attitudes to bear markets
Senior crypto analyst Dylan LeClair stated:
“A bitcoin dip down to its realized price (average on-chain cost basis) is entirely possible and has been consistent with previous market bottoms in bear market cycles. Here is a standardized ratio between market price and realized price (market value to realized value – MVRV). 24k would be in the green zone. Again, dips to/below realized price have historically signaled a capitulation-style bear market bottom is in (or close).”
In fact, since reaching the all-time high of $69,000 on November 10, BTC has been falling to around $27,000, falling by 60%. In other words, if you bought a Bitcoin spot at $69,000, your assets have shrunk by 60%.
However, there are still some traders in the market who took advantage of this plunge to earn more than 1000% return. How did they make it? If you want to know the answer, then you have to understand one of the most popular investment methods at present:100 times leveraged futures trading cryptocurrency.
What is the difference between futures and the spot?
The traditional spot can only buy up and wait for the rise to make a profit. With 100 times leveraged futures trading, you can either buy up (go long) or sell down (go short), which means that you can take profits whether the market rises or falls. What’s more, you have 100 times leverage to magnify your profits.
How does 100x leverage work?
With 100x leverage applied, traders can use 1 BTC to open a position of 100 BTC by going long (predicting BTC price will be up) or going short (predicting BTC price will be down). If we use 1 BTC to open a short contract at the price of $30,000 and close it when Bitcoin is trading at $25,000, our profit will be ($30,000 – $25,000) * 100 BTC / $30,000 = 16.6 BTC, making the ROI of 1660%.
Recommended platform that provides 100x Leverage – Bexplus
Bexplus, a reputable crypto futures trading platform accredited by U.S. MSB (Money Services Business) , offers 100x leverage futures trading on a variety of trading pairs such as BTC, ETH, ADA, DOGE, XRP. Meanwhile, it doesn’t need KYC and is popular among 1 million people worldwide. It is also known for the following features:
100% Deposit Bonus: Top Up 1 BTC = 2 BTC on Your Account
Bexplus’ s 100% deposit bonus campaign also helps every trader to maximize their profits as much as possible during a falling market. If you top up 1 BTC, there will be 2 BTC on your account and you can trade with the 2 BTC to make a bigger profit. You can also withdraw the profits earned with the bonus. With this 100% bonus, in the example above, you can earn 16.6×2=33.2btc, making your ROI 3320%. Attention! Up to 10 BTC bonuses can be obtained.
Copy Trading: Let Superior Traders Make Profits for You
Copy trading gives every investor who has just entered the market the opportunity to become a veteran. It allows you to copy investment orders from experienced people to let excellent traders make money for you. Copy trading also allows you to customize the proportion of your order copy, set take profit and stop loss, or terminate the copied order at any time. For veterans, you can also get some benefits from your followers. It’s a win-win strategy for both the veteran and the novice.
- Demo account with 10 BTC for traders to get familiar with leverage trading.
- A bitcoin wallet with an annualized interest rate of up to 21%.
- No KYC requirement, registration with Email verification within a few minutes.
- Intuitive and full-featured App on Apple App Store and Google Play.
- 7/24 hours one-to-one service to solve your problems at any time.
- Fast withdrawal without any time limit, and no deposit fee.
From the news level, the continuous slump of Bitcoin is obvious. The short-selling nature of Bitcoin prompts every smart investor to seize the moment to realize their wealth. Click Here to Register on Bexplus now and get your 100% Bonus!
*This article has been paid. The Cryptonomist didn’t write the article nor has tested the platform.
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