What Does “btc3倍做空” Mean? (Triple Short on btc)

08/10/2023 02:24 • Daily Digest • 81 views

What does “btc3倍做空” mean? Editor’s note: This article is from Xiaonazha88 (ID: xiaonazha88) in Xiaozha’s Idle Talk and is authorized by Odaily Planet Daily for reprinting.

What does “btc3倍做空” mean?

This term sounds a bit strange, but actually, it’s talking about the same thing. btc is used for exchanging with Bitcoin, and btc provides stable coin services priced in US dollars. It is a currency system. btc has no actual value and is just used as a means of payment. However, if someone wants to use btc to purchase Bitcoin, they need to solve this problem through Bitcoin Cash.

Now the price of btc has exceeded about $48,000, and it continues to fall; so many people have started asking me, what is the real gold standard? Actually, I think we can understand it as a large upward spike, letting everyone see its price rise to around $10,000!

Well, let’s not talk about all the overvaluations here, but rather it depends on your view of the future market. After all, when a new project appears, many investors may feel that they have a high risk tolerance and then chase after new bubbles. So how to judge their current P/E ratio and future trends? Let’s talk from the perspective of trading volume.

Because digital assets themselves are not very secure, for example, public chains like Ethereum may also have vulnerabilities or hacker attacks. For these situations, people often don’t have a full understanding and don’t have enough sense of security. Therefore, in this case, most users in the crypto world will think that the “air” in the crypto world is always disguised. (I am the author’s little cat)

Triple Short on btc

According to reports, the bearish position on btc has the advantage. Currently, the ratio of long accounts to short accounts is triple, profiting nearly $3 million in long trades, but still losing about $2 million in shorting btc.

Note: btc is a tokenized digital asset on the Ethereum blockchain with a market value of about 21 million RMB. It is a decentralized platform, an open infrastructure, and an ecosystem. Btcc has two types, one is a completely different cryptocurrency (ERC20Token), and the other is an ERC-20 token on the Ethereum blockchain. (Original article by Shenlian)

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What Does “btc3倍做空” Mean? (Triple Short on btc)

Triple Short on btc

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