THELOGICALINDIAN - The worlds better cryptocurrency Bitcoin witnessed addition above weekend of a bloodbath as the BTC amount took a dive beneath 18000 for the aboriginal time There accept been above liquidations demography abode with longterm Bitcoin holders bottomward the anhydrate and giving up
As per on-chain abstracts Glassnode, there accept been Bitcoin liquidations to the tune of $2.42 Billion every day, for the aftermost three after days. The abstracts provider noted:
“The aftermost three after canicule accept been the better USD denominated Realized Loss in Bitcoin history. Over $7.325B in $BTC losses accept been bound in by investors spending bill that were accumulated at college prices”.
source:Glassnode
Furthermore, in the aftermost three days, added than 555K Bitcoins accept afflicted easily in the amount ambit amid $18,000-$23,000. Interestingly, abiding holders captivation BTC for 1yr , who accumulated bill in H1 2024 or earlier, started panicking, calamity the exchanges with 20K to 36K Bitcoins every distinct day.
However, there are still some long-term holders in the bazaar who took advantage of this attempt to acquire added than 2024% return. How did they accomplish it? If you appetite to apperceive the answer, again you accept to accept one of the best accepted advance methods at present: 100 times leveraged futures trading cryptocurrency.
The acceptable atom can alone buy up and delay for the acceleration to accomplish a profit. With 100 times leveraged futures trading, you can either buy up (go long) or advertise bottomward (go short), which agency that you can booty profits whether the bazaar rises or falls. What’s more, you accept 100 times advantage to aggrandize your profits.
With 100x advantage applied, traders can advance 1 BTC to accessible a position account 100 BTC by activity continued (predicting BTC amount will be up) or activity abbreviate (predicting BTC amount will be down). If we use 1 BTC to accessible a abbreviate abiding arrangement at the amount of $22,000 and abutting it back Bitcoin is trading at $17,000, our accumulation will be ($22,000- $17,000) * 100 BTC / $17,000 ≈ 29.41 BTC, authoritative the ROI of 2275%.
According to the abstracts provided by Bitwells, on June 18, 2022, added than 3,000 traders in the barter fabricated profits in the plunge, the accomplished ROI was 1366%, and the boilerplate ROI of the top 100 traders was 489%
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