{"id":465061,"date":"2021-06-04T10:03:56","date_gmt":"2021-06-04T10:03:56","guid":{"rendered":"https:\/\/wncen.com\/?post_type=press_release&p=465061"},"modified":"2021-06-04T10:03:56","modified_gmt":"2021-06-04T10:03:56","slug":"bitcoin-risks-further-loss-here-is-how-you-profit-off-a-red-market","status":"publish","type":"press_release","link":"https:\/\/wncen.com\/press-releases\/bitcoin-risks-further-loss-here-is-how-you-profit-off-a-red-market\/","title":{"rendered":"Bitcoin Risks Further Loss? Here Is How You Profit Off A Red Market"},"content":{"rendered":"
On June 2, Bitcoin and altcoins saw double-digit rallies with Bitcoin briefly stood above $38,000 and dogecoin increased 40% once. 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.<\/p>\n
On June 4, Musk posted a tweet: Bitcoin, broken heart. Later, he tweeted again: Canada, USA, Mexico.<\/p>\n
They are interpreted by most people as: goodbye Bitcoin (he may have sold his Bitcoin) and all the way south (bearish Bitcoin)<\/p>\n
In fact, 5 hours after his release, Bitcoin fell by more than 10%.<\/p>\n
One indicator shows that the recent rally could be another market top. In a Delphi Digital report, the MVRV ratio that measures Bitcoin’s market value against its realized value is analyzed.<\/p>\n
<\/p>\n
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, Bitcoin price made ATHs before falling hard.<\/p>\n
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.<\/p>\n
Let\u2019s see how we can benefit from the price drop of bitcoin:<\/p>\n
Assume we used 1 BTC to open a short contract when bitcoin was trading at $35,000. Please note that with 100x leverage, 1 BTC can open a contract worth 100 BTC.<\/p>\n
If the price of bitcoin dropped to $33,000.The profit will be ($35,000 – $33,000) * 100 BTC\/$33,000 *100% = 6.06 BTC, making the ROI 606%.<\/p>\n
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