1. Event Period: 2024-08-21 00:00 to 2024-09-03 23:59 (UTC+8)
2. Registration Method: Log in to BingX and click the register button to successfully register for the event.
3. Event Eligibility: Exclusively for users from the invited regions only.
4. Users who meet the Futures trading requirement after participating in the event will unlock the corresponding rewards.
5. Only Futures trading volume (= margin * leverage) of trades held for more than 1 minute in Standard Futures and Perpetual Futures will be counted for this event.
6. Rewards for each trading requirement are limited daily and available on a first-come, first-served basis.
Join on https://bingx.com/partner/TAMILBTC/1qns5v
2. Registration Method: Log in to BingX and click the register button to successfully register for the event.
3. Event Eligibility: Exclusively for users from the invited regions only.
4. Users who meet the Futures trading requirement after participating in the event will unlock the corresponding rewards.
5. Only Futures trading volume (= margin * leverage) of trades held for more than 1 minute in Standard Futures and Perpetual Futures will be counted for this event.
6. Rewards for each trading requirement are limited daily and available on a first-come, first-served basis.
Join on https://bingx.com/partner/TAMILBTC/1qns5v
🚨BREAKING: WazirX Hacker Shifts $6.5 Million in #ETH to Sanctioned Mixer Tornado Cash💰
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JUST IN: FTX to return $16b to creditors starting in Q4 2024.
Do you really think when this happens we will be trading under 70k$ to give everyone opportunity to buy the dip? Ofcourse not, I believe we would be trading around 90k$ or even higher when FTX peeps get 16B$ in cash. That's how market works
Do you really think when this happens we will be trading under 70k$ to give everyone opportunity to buy the dip? Ofcourse not, I believe we would be trading around 90k$ or even higher when FTX peeps get 16B$ in cash. That's how market works
The current #Bitcoin price action is a classic end-of-Blue-Year scenario—boring, yet crucial preparation for the explosive Red Year, the year of all-time highs. It’s like we’re back in August 2012, 2016, and 2020, gearing up for the next big wave.
JUST IN: The % of illiquid #Bitcoin supply has just hit a new all-time high!
Nearly 74% of $BTC circulating supply is now classified as illiquid, according to Glassnode data.
The Halving-induced supply shock is intensifying, tightening the squeeze as we approach the next major bull run.
Nearly 74% of $BTC circulating supply is now classified as illiquid, according to Glassnode data.
The Halving-induced supply shock is intensifying, tightening the squeeze as we approach the next major bull run.
Educational Post
What is Breakeven Multiple?
Breakeven Multiple is the value by which the current price of a coin or asset needs to be multiplied by to reach its Breakeven Point (BEP). The Breakeven Point is the initial acquisition cost paid by a trader or investor (including trading fees). Therefore, when the market price of an asset drops below the price paid, the trader would need it to rise again in order to break even, so they can close their positions without gains or losses.
For example, if a trader buys a coin at a market price of $10 per unit, and then it falls to $5, he would need that coin value to double (100% increase) in order to return to its initial purchase price. In this case, the breakeven multiple would be 2.
Sometimes, the Breakeven Multiple may also refer to the multiple by which a cryptocurrency (or any other asset) needs to rise in order to reach its previous All-Time High (ATH). For example, let’s imagine that a cryptocurrency ATH was $1,000, but it is now being traded for $250 (75% drop). In this case, the breakeven multiple is 4 because it needs to experience a 4-fold gain (300% increase) in order to reach its peak price again.
Note that the breakeven multiple is not a percentage, but an absolute number. If we consider the drop percentage of the previous example (75%), the price of that asset would need to increase 300% (4x) to reach $1,000 again.
What is Breakeven Multiple?
Breakeven Multiple is the value by which the current price of a coin or asset needs to be multiplied by to reach its Breakeven Point (BEP). The Breakeven Point is the initial acquisition cost paid by a trader or investor (including trading fees). Therefore, when the market price of an asset drops below the price paid, the trader would need it to rise again in order to break even, so they can close their positions without gains or losses.
For example, if a trader buys a coin at a market price of $10 per unit, and then it falls to $5, he would need that coin value to double (100% increase) in order to return to its initial purchase price. In this case, the breakeven multiple would be 2.
Sometimes, the Breakeven Multiple may also refer to the multiple by which a cryptocurrency (or any other asset) needs to rise in order to reach its previous All-Time High (ATH). For example, let’s imagine that a cryptocurrency ATH was $1,000, but it is now being traded for $250 (75% drop). In this case, the breakeven multiple is 4 because it needs to experience a 4-fold gain (300% increase) in order to reach its peak price again.
Note that the breakeven multiple is not a percentage, but an absolute number. If we consider the drop percentage of the previous example (75%), the price of that asset would need to increase 300% (4x) to reach $1,000 again.
JUST IN: The % of illiquid #Bitcoin supply has just hit a new all-time high!
Nearly 74% of $BTC circulating supply is now classified as illiquid, according to Glassnode data.
The Halving-induced supply shock is intensifying, tightening the squeeze as we approach the next major bull run.
Nearly 74% of $BTC circulating supply is now classified as illiquid, according to Glassnode data.
The Halving-induced supply shock is intensifying, tightening the squeeze as we approach the next major bull run.
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As more money becomes widely available, the price of #Bitcoin will increase.