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$18M Evaporates on Bitcoin Futures Exchange – An Opportunity You Don’t Wanna Miss |

9 months ago
in Beginners
3 min read
$18M Evaporates on Bitcoin Futures Exchange – An Opportunity You Don’t Wanna Miss |
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Bitcoin is having one of its volatile episodes again. In the past week, after failing to break the resistance of $10,000, it started a downside ride and plummeted to $8,675. Skew.com recorded a total liquidation of $18M for long contracts within just one hour on May 25.

In the short-term, analysts are holding bearish mood towards Bitcoin’s performance, as some major indicators all point to the bearish territory. Currently, there is an imbalance of long and short contracts in the market, with the longs taking about 71% of the total contracts. This shows that the liquidity of the Bitcoin market is rather high, which present opportunities to Bitcoin whales to buy in and further drive up the volatility of the market.

Bitcoin has already suffered two long squeezes lately, and many analysts believe the pressure for another long squeeze is building.

How to Take Advantage of the Volatility

High volatility is a constant of Bitcoin since its birth, and it is not going away in the foreseeable future. In fact, while high volatility can make traders lose a large sum of money within a few hours, it is also high volatility that help them multiply their investments in a short time. So how do we make the most of it and generate more BTC? The answer is very simple: leveraged trading.

In leveraged trading, every fluctuation is an opportunity to generate profit. It’s perfectly normal for traders to achieve 100% ROI or more.

Lets’s see how:

Step 1: the current price of BTC is $9,000. If you believe the price is going to drop, you can open a short position with 0.01 BTC. Now, 0.01 BTC may not seem much, but with 100x leverage, you can open a contract worth 1 BTC.

Step 2: When the price of BTC drops 500 points to $8,500, you close the position.

Profit: ($9000-$8500)*1 BTC/$8500=0.059 BTC.

ROI: 0.059/0.01*100%=590%

Leveraged 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.

Bexplus’ Analysis Director Justin Kwok is a crypto veteran with rich experience in different derivatives. In a recent talk, he commented that “ … normally traders would do their homework before investing in Bitcoin, so they already accepted that bitcoin trading has its own risks. The more volatile the market is, the more possible [for traders] to take profit. Still, traders should be careful with their trades and avoid liquidation. ”

Trade Smart with Bexplus

Tip 1: thorough preparation makes its own luck.

Favored by beginners, Bexplus has specially offered a demo account for every user. Upon registration, users will be given an actual trading account and a demo account, so they don’t have to make a request for the demo account. There are 10 replenishable BTC in the demo account for traders to practice as much as they like.

 

(simply click the “Trading Stimulation” bottom. The layouts and tool-kits of the two…



Read more:$18M Evaporates on Bitcoin Futures Exchange – An Opportunity You Don’t Wanna Miss |

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Tags: 18MBitcoinbitcoin news todayDontEvaporatesExchangeFuturesOpportunityWanna

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