Bitcoin (BTC) and altcoins saw double-digit rallies, with BTC briefly hitting above $ 38,000 and dogecoin rising 40% once, on June 2, 2021.
The rally has not raised hope among investors and the bitcoin fear and greed index is at 24, indicating extreme fear. Investors have good reason to be afraid as the market recently lost 50%.
On June 4, 2021, Elon Musk posted a tweet, “Bitcoin, Heartbroken”. He later tweeted again; “Canada, United States, Mexico”. The tweets are interpreted by most people as goodbye BTC (he may have sold his BTC) and far south (bearish BTC). Five hours after its release, BTC has dropped by more than 10%.
One indicator shows that the recent rally could be another market high. In a Delphi Digital report, the MVRV ratio which measures the market value of BTC relative to its realized value was analyzed. On June 8, 2021, most cryptocurrencies fell 10%.
According to the report, the MVRV ratio in May 2021 is similar to those in early 2011, late 2013 and early 2018. During these periods, BTC prices hit ATH before falling sharply. Bexplus offers BTC 202 prediction5 and BTC price prediction 2025, to help users stay on top of the cryptocurrency industry.
The bear market seems to be coming. How to profit from the fall in prices?
Volatility is scary, but with the right tools it is very beneficial for making money. With a bumpy road ahead, traders can engage in margin trading to cover losses and make profits.
Let’s see how we can profit from falling BTC prices:
Suppose 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 fell to $ 33,000. The profit will be ($ 35,000 – $ 33,000) * 100 BTC / $ 33,000 * 100% = 6.06 BTC, which makes a return on investment of 606%.
Margin trading is a mature derivative in the crypto market. Created in 2017 and based in Hong Kong, Bexplus is a crypto derivatives trading platform offering 100x leverage futures trading on BTC, ETH, LTC, EOS, XRP, etc.
How to start?
Bexplus does not require any KYC, so all you need to do is open an account with an email address, in just one 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 can always keep a cool head. The best way to improve your skills and mindset is to practice on the free demo account. Each user gets 10 BTC at the start and they are renewable, so you can try out different strategies as much as you want.
Make a deposit and claim bonuses
No deposit fee is required. You can start your deposit at 0.001 BTC. Bexplus supports deposits in BTC, ETH, as well as US dollars, eruo and pounds sterling.
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 can be used as a margin.
Earn passive income with Bexplus
When you are not trading, you can transfer your BTC to the interest bearing wallet and profit up to 21% annualized interest.
Interest is calculated daily and deposit income will be paid monthly. Monthly interest is calculated as (S * I / 365 * 30) = MI.
S represents the sum of the deposit, I represents the interest and MI the monthly interest. The crypto market is full of opportunities, feel free to join us and claim your profit.
Register now to get a 100% bonus and use a simulated account to test your strategy.
All information on our website is posted in good faith and for general information purposes only. Any action that the reader takes on the information found on our website is strictly at his own risk.