Bitcoin (BTC) and altcoins saw double-digit rallies with BTC briefly standing above $38,000 and dogecoin increased 40% once, on June 2, 2021.

The rally failed to spark hope among investors and the bitcoin fear and greed index is at 24, indicating extreme fear. Investors have good reasons to fear as the market saw a 50% loss recently. 

On June 4, 2021 Elon Musk posted a tweet, “Bitcoin, broken heart”. Later, he tweeted again; “Canada, USA, Mexico”. The tweets are interpreted by most people as goodbye BTC (he may have sold his BTC) and all the way south (bearish BTC). Five 5 hours after his release, BTC fell by more than 10%.

One indicator shows that the recent rally could be another market top. In a Delphi Digital report, the MVRV ratio that measures BTCs market value against its realized value was analyzed. On June 8, 2021 most cryptocurrencies plummeted by 10%.

According to the report, the MVRV ratio in May 2021 is similar to those in early 2011, late 2013, and early 2018. In these periods, BTC prices made ATHs before falling hard. Bexplus offers BTC prediction 2025 and BTC price prediction 2025, to help users keep up-to-date with the cryptocurrency industry.

Volatility is scary, but with the right tools, it’s greatly beneficial for earning money. With a bumpy road ahead, traders can engage in margin trading to hedge loss and earn profits. 

Assume 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 dropped to $33,000. The profit will be ($35,000 – $33,000) * 100 BTC/$33,000 *100% = 6.06 BTC, making the ROI 606%.

Margin 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 more. 

Bexplus requires no KYC so you only need to 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.

Successful traders are those who learn to analyze the market and could always keep a clear head. The best way to improve your skills and mindset is by practicing in the free demo account. Every user is given 10 BTC at the beginning and they are replenishable, so you can try out different strategies as much as you like. 

No deposit fee is needed. You can start your deposit at 0.001 BTC. Bexplus supports BTC, ETH, as well as U.S dollar, eruo, and pound sterling deposits. 

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 could be used as a margin. 

When you are not trading, you can transfer your BTC to the interest-bearing wallet and enjoy up to 21% annualized interest.

The interest is calculated daily and the revenue of the deposit will be settled monthly. The monthly interest is calculated as (S*I/365*30)=MI.

S represents the sum of the deposit, I stands for interest, and MI is the monthly interest. The crypto market is full of opportunities, don’t hesitate to join and claim your profit.

Sign up to get a 100% bonus and use a simulated account to test your strategy.

The post How To Profit Off a Red Market appeared first on BeInCrypto.

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