Calculation of 8 times leverage for Bitcoin (1 times leverage for Bitcoin)
What is the calculation for 8 times leverage for Bitcoin? What is the use of 8
What is the calculation for 8 times leverage for Bitcoin? What is the use of 8 times leverage for Bitcoin? Let Hashpai.com take you to understand what an eight times contract is, as well as the 8 most commonly used cryptocurrencies for trading. The division between 8 digits and 4 digits for Bitcoin is based on the actual situation, where 1:100 represents eight quantity units of a number; 2:1 represents nine quantity units for each letter, which is equivalent to 1 billion BTC.
If Ethereum is considered as “Bitcoin”, then at the current price, Bitcoin can be seen as a very small currency. Therefore, we need to be aware that this currency has no value support and no support from other assets. Therefore, using a Bitcoin price starting with 7×6 for trading is called an “8 times liquidation”.
In other words, in order to maximize profits, each 8 yuan RMB banknote can only be used for shorting once, and cannot be sold or redeemed directly. This means that you have two sets of money to buy together, one is to exchange one Bitcoin that you hold with 1 US dollar for another Bitcoin, and the other is to deposit your Bitcoin in a bank.
1 times leverage for Bitcoin
After the price of Bitcoin broke through $10,000 yesterday, it has been shaking down all the way. According to data from CoinMarketCap, BTC is currently priced at $6,950, with a daily increase of 5.88% and a 24-hour drop of 11.7%; Ethereum is priced at $39.37, with a daily decrease of 4.76% and a 24-hour drop of 15.3%, now priced at $30.31.
Leveraged ETFs are derivative products based on spot trading pairs as margins. Currently, there are 9 varieties available, including Bitcoin perpetual contracts, quarterly delivery contracts, and option contracts. The 1 times long/short ratio and 2 times long/short ratio show that the current market sentiment is more bullish. On the evening of February 15, a large amount of capital began to withdraw from the market, causing panic selling among off-exchange investors, resulting in some users being liquidated and positions being closed. At the same time, due to significant risk control loopholes in the cryptocurrency market, strict risk control measures need to be implemented.
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