According to Bloomberg’s latest MLIV Pulse survey, 60% out of 950 investors expect bitcoin to hit $10K after another drop of around 45%. But the remaining 40% believe that bitcoin may soon rise above the crucial psychological support level of $30,000.
BTC’s price performance in recent months has mirrored that of traditional equities amid rising macroeconomic uncertainty. Crypto and global markets have faced several notable selloffs as the US Federal Reserve promised to raise interest rates and implement quantitative tightening measures to control skyrocketing inflation.
Bitcoin has already fallen by more than 70% from its picotope of $69,044 recorded in November 2021. Speaking to Bloomberg, Tribe Capital’s Jared Madfes said that “not only in crypto but in the world in general, it’s very easy to be intimidated right now,” adding that expectations of another significant bitcoin retracement “are people’s underlying fears in the market”. depicts.
If the survey results are anything to go by, Bitcoin could be on the verge of yet another recession. Scott Minrad, Global Chief Investment Officer of Guggenheim Partners, shares the same opinion. Minerd previously predicted that bitcoin would hit $8,000 before the market bottom was detected.
The market will continue to spend its time in the bear market at the bottom.
Althoughstill have some Market holders who took advantage of this dip to earn more than one 2000% Return. How did he make it? If you want to know the answer, you need to understand one of the most popular investment methods currently.: 100x Leveraged Futures Trading Cryptocurrencies,
What is the difference between it and spot?
The traditional position can only buy and wait for the increase to make a profit. With 100x leveraged futures trading, you can either buy (go long) or sell down (go short), which means you can take profits whether the market rises or falls. What’s more, you have 100x leverage to increase your profits.
How does 100x leverage work?
With 100x leverage applied, traders can invest 1 BTC to open a position of 100 BTC (predicting that the price of BTC will go up) or short (predicting that the price of BTC will go down). If we use 1 BTC to open a short perpetual contract at the price of $22,000 and turn it off when trading bitcoin $17,000Our profit will be ($22,000 – $17,000) * 100 BTC / 17,000 29.41 B T cbuild ROI of 2275%,
As per the data provided by Bitwells, 18 June 2022more than 3,000 Exchange traders made profits in the fall, had the highest ROI 1366%and the average ROI of the top 100 were merchants 489%
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