Bitcoin Plummeted by 11.5% in 12 Hours! Here’s How to Profit in Bear Market

Bitcoin plummeted by 11.5% in 12 hours, so learn how to get profit in the bear market, as here in our article we had listed the possible ways for the same.

The crypto market is once again painted in red. In the past 12 hours, the crypto market cap has fallen from $2.15 trillion to $1.92 trillion, according to CoinGecko. And Bitcoin (BTC)’s price is no less than a suspense thriller movie these days. On January 20, it plunged from $43,500 to $38,500, with a slump of nearly 11.5% within only 12 hours. It reached the lowest point since August 2 of last year. Bitcoin is finally making some big moves, and we can expect the next few days to be highly volatile.

The cryptocurrency market sentiment, which has been displaying extreme fear, intensified after this sharp decline. Crypto Fear & Greed Index has changed from 24 yesterday to 19 now (the lower the index, the more fear).

Crypto Fear & Greed Index

What comes with the downtrend moves and fear sentiments are a series of bad news:-

Ongoing Macro-inflation Trends

On January 19, US president Joe Biden explained that the country’s central bank was dealing with a large share of the inflationary pressures. The US is decreasing the dollar’s monetary supply through quantitative tightening to combat ongoing inflation. JPMorgan CEO Jamie Dimon recently stated that the Federal Reserve might raise interest rates up to seven times. At the same time, the crypto market is also under pressure.

Ongoing Macro-inflation Trends

Outumuro pointed out in his report that a similar trend was noticed in Bitcoin’s price movement in 2018 when inflationary pressures and monetary supply decreased. Since then, this correlation between the monetary supply change and Bitcoin’s price has increased. If the monetary supply decreases in the future, Bitcoin’s forthcoming outlook could turn increasingly bearish. This is because investors would shift focus from risky assets like crypto and equities once more.

Continuous Crackdown on Regulatory Policies

On January 20, Russia proposed a full ban on crypto; this includes mining, trading, and the use of cryptocurrencies. Cryptocurrency mining in Russia has a major footing as the country is the third-largest when it comes to mining cryptos. The volume of cryptocurrency mining remains the highest in the US, followed by Kazakhstan; however, the latter has been talking about cutting off electricity provisions.

This news about Russia’s ban might potentially drive crypto enthusiasts across the globe up the wall. Minimizing crypto issuance along with over-the-counter trading desks, crypto exchanges, and peer-to-peer exchanges could send a ripple across the whole crypto space.

Along with that, a leading EU regulator, Erik Thedéen, has pushed for banning Proof-of-Work mining amid concerns over its exorbitant energy consumption. This would entail banning mining for the two largest cryptocurrencies, Bitcoin and Ethereum.

How to Profit in the Bear Run?

It seems that the next few days will still be challenging and wild for Bitcoin. The slump sent people into a panic. But mastering the right trading method can reap huge benefits. If you want to profit from a bear market, you may need to know 100 times leveraged futures trading cryptocurrency.

With 100x leverage futures trading, you can either buy up (go long) or sell down (go short), which means that you can take profits whether the market rises or falls. What’s more, 100 times leverage can magnify your profits by 100 times.

How Does 100x Leverage Work?

Traders can open a position with only a 1% margin required with this tool. For example, if we used 1 BTC to open a short contract at the price of $43,500 on January 20 and close it 12 hours later when Bitcoin was trading at $38,500, our profit will be ($43,500 – $38,500) * 100 BTC / $38,500 = 13 BTC, making the ROI of 1300%.

Recommended 100x Leverage Trading Platform

Bexplus - 100x Leverage Trading Platform

Bexplus is a leading crypto derivatives trading platform offering 100x leverage futures trading on various trading pairs: BTC, ETH, ADA, Doge, XRP, etc. Bexplus doesn’t require KYC and is popular among over one million traders worldwide. In addition, it is safe to be accredited by MSB (Money Services Business).

Advantages of Bexplus

Bonus: To welcome our new users and thank our regular users, we had 100% deposit bonus for them. (Bonuses are not withdrawable, the profit obtained with the bonus can be withdrawn).

100% Deposit Bonus by Bexplus

Interest Wallet: When you are not trading, you can put BTC in the Bexplus Wallet and enjoy an annualized rate of up to 21%.

No KYC: There is no mandatory KYC, which means not collecting any of your personal information and protecting your privacy.

Support Mobile: Download a fully functional and intuitive APP on the Apple Store or Google Play, and trade anytime, anywhere.

Demo Account: On Bexplus, 10 replenishable BTC is offered in the demo account, enabling you to practice your trading skills.

Availability and Accessibility: Services are available and accessible worldwide, and users can enjoy 24/7 customer support.

High Liquidity: Extra-fast order execution is offered even during great market fluctuations, no spread, and low latency.

Whether you are a fresh or skilled trader, it’s time for you to join Bexplus to Get a 100% Deposit Bonus!

To Top

Pin It on Pinterest

Share This