Bitcoin crashed more than 10% to $7,000 support level in 2 hours early today. The downside momentum starts ad many traders are waiting for a healthy correction. New York Supreme Court’s order to freeze further transfers to Bitfinex from Tether might be the main reason for the huge price dip this time.
Although bitcoin, as well as the whole crypto market, are returning from a short bull run, US-China trade war may drive BTC price up again soon. Bitcoin is making its case an uncorrelated, safe-haven asset as well as a global hedge, while mainstream traditional markets, including stocks, tumble. And the next key level to watch is $10,000.
How to Profit from BTC Recent Market Trend?
As we can see, BTC is outperforming all stocks and commodities including oil and gold thus far in 2019. Besides, other than BTC spot, investing in BTC futures contracts can help you get more profits. So, how to do that? Let’s see how whale investors benefit from strong market fluctuation.
Leverage trading is the key feature in Bitcoin futures trading, which is a tool that allows traders to take profitable advantages of small price movements and multiple gains. In addition, futures trading enable traders to buy/long or sell/short, giving traders more chance to make money from the BTC market. Different exchanges provide a different leverage ratio. The higher leveraged trading can lead to massive returns, but also to equally massive losses if you make the wrong prediction on the market trend.
100x leveraged bitcoin futures trading is very popular among professional traders and whale investors. For instance, let’s say that you want to invest 1 BTC in BTC futures contracts with 100x leverage and going long (i.e. when BTC climbs from $7,000 to $8,000). If you had only 1 BTC in spot trades, you can only earn $1,000. But in 100x leverage futures trading, with 1 BTC you can buy in 100 BTC contracts. If you open 100 BTC long position at the price of $7,000, you will gain 100 BTC * ($8,000 – $7,000) = $100,000. On the contrary, if BTC drops to $6,000, you will also suffer a huge loss.
Bexplus Exchange is one of the world-leading futures exchanges with no spread in cryptocurrency area. It provides Bitcoin, Ethereum and Litecoin perpetual contracts (buy-in or sell-out anytime without expiration) with 100x leverage. Added 100x leverage, you can purchase 100 BTC contracts with only 1 BTC as margin. Stop-profit a stop-loss can also be set to lower the risks.
Earn Money & Win Presents in Lucky May
Joining Bexplus’s Lucky May activity, you will have a chance to win presents including, Pearl Necklace, Robotic Vacuum Cleaner, Exquisite Watch, Proform Treadmill and etc. Not only can you make profits on BTC futures trading, but also get wonderful gifts.
Get 100% Free BTC Bonus, Up to 10 Free BTC is Available
Deposit BTC in your account, you will get 100% free BTC matches your balance. You can get 10 free BTC if you deposit 10 BTC in.
Up to 50% Invitation Referral Reward
Invite friends to register and trade in Bexplus, you can earn 10%-50% of your invitees’ each deposit instantly. It will be counted with BTC and directly credited in your account.
There is always a risk in any kind of asset trading, particularly in one as volatile as cryptocurrencies. This is compounded by leveraged trading which adds risks. On the other hand, it gives you more chance to make a fortune with a smaller amount of assets.
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