According to Glassnode data, the number of bitcoins held by cryptocurrency exchange wallets has reached a new low in 18 months. This Monday, the number of Bitcoins holding was only slightly higher than 2.3 million, which has decreased by 11% this year. In the same period, the number of Ethereum has increased by more than 7%. There is a market view that investors are more willing to hold bitcoin and turn to trading other currencies. Lucian, chief analyst of BitOffer Exchange, claimed that: “People are accumulating (BTC), and market participants now seem to have a longer time preference and this trend will continue. “

As Lucian’s point of view, there are indeed some strong holders of bitcoin in the market. No matter how the market fluctuates, it will not affect their long-term views. Most of those investors are early bitcoin traders who have benefited a lot from the last decade. The low point of market movement is their opportunity to take the position, and they firmly hold the currency in the shock range. This is also the main reason for the recent decline in bitcoin trading volume on the exchange. The data shows that about 60% of the newly mined bitcoins in the past 12 months have maintained their positions. This phenomenon has also appeared in the previous bull market.



Whether the Grayscale fund continued to hold the currency or the exchange’s bitcoin holdings have reached a new low, they are all conveying the strong confidence of the long-term funds. The recent market conditions have also increased. In the market on May 27, bitcoin performed strong which breaking through both 4-hour and 1-hour 20 days moving averages and the highest reached 9230 US dollars in the day and finally closed at 9203.67. Bitcoin then reached a maximum of 9280 US dollars on May 28th. Although it has dropped slightly, it still stays in the 4-hour ascending channel.



As ordinary investors, most people will not hold the currency for a long time, but when facing the market that may start at any time. If investors do not arrange in advance, they may watch the bull market went far. So how can we minimize the risk of loss while seizing the opportunity?

Perhaps we can use some powerful products for hedging such as the bitcoin options tool launched by the BitOffer exchange.

what is bitcoin options?

Options are essentially kind of rights that enables the holder to buy or sells an asset at a fixed price at a specific date (or before the date). Just like the futures trading is a hedging tool for spot trading, so is options trading.

For example, when you plan to buy a house, dealers always offer discounts when you pay a deposit first. After then, when the value of the house drops sharply, you can choose not to buy the house, and your largest loss is the deposit. On the contrary, if the value of the house increases, then you would earn the price spread as profits. This is how options works and the deposit is the premium of the Options trading.

How to hedge?

The hedging is simply to open long and short at the same time. Suppose I consider that Bitcoin will immediately rise to 10,000 US dollars, so I start with 1 BTC at 9000 US dollars. Unexpectedly, 1 hour later, BTC fell 8,000 US dollars. If it is not hedged, it has already lost $ 1,000. But out of prudence, when long BTC, I spent $ 20 to buy a 1-hour BTC short option. After 1 hour, because BTC fell $ 1,000, the short option is equivalent to short 1 bitcoin, so Reap a gain of $ 1,000. Then my income = spot-1000 + option 1000–20 = -20, which means that I spent 20 US dollars in option fees and resisted the volatility risk of 1000 US dollars. Finally, my investment has been hedged



Whether it is the eve of a bull market or a high level of adjustment, as a common investor, as long as you choose the derivatives which suit you, you can defend against most of the risks. Bitoffer is one of the most professional cryptocurrency financial derivatives trading platform which bases its headquarter in Singapore. As the global financial derivatives trading service provider, Bitoffer adheres to the concept of “Endowing users with the ability to trade a variety of digital assets on a secure, efficient platform”. The requirement of Options trading at Bitoffer is much simpler with the truth that it request 0 margin, 0 fee, with as higher 1000X leverage, and does not have the liquidation mechanism. All of Bitoffer users have the opportunity to get a thousand times abnormal returns no matter the market is bull or bear, and the options trading can also be used as a hedging method to resist extreme market risks

Yes, and hope there will be many opportunities to earn money after the ETH 2.0 upgrade.

Let’s go back 2 days ago on 22nd May, JP Morgan published a study via Bitcoin (BTC) in the claims that the digital asset is 25% below its intrinsic value.



Many analysts try to measure the fair value of a Bitcoin. Since it has no ballast and is only regulated by the relationship between supply and demand, It is difficult to accurately assess the real value of the digital asset. Although JP Morgan may not trade Bitcoin or offer crypto-specific services to its clientele, the company does analyze this nascent market once in a while.

Afterward, Goldman Sachs held an investor call on this Wednesday to discuss current policies for bitcoin, gold, and inflation in the context of the COVID-19 crisis. According to the slideshow released on the internet, Goldman notes that while cryptocurrencies like bitcoin “are not an asset class,” they “have received enormous attention.”



No matter how those two financial giants estimate Bitcoin’s value, there’s no doubt that it indeed received a huge amount of attentions in the world, and a new round movement of Bitcoin price may shows up in the near future. In response, Bitoffer exchange offered various products derived from Bitcoin and Ethereum, from the Spot Trading to the Futures & Swap Trading to the Options Trading, and even ETF. Besides the Spot Trading, Futures & Swap Trading and Options Trading are essentially derivatives of Bitcoin/Ethereum which can be used as hedging methods for the Spot Trading. The launch of Bitcoin/Ethereum financial derivatives is a performance of improvement and development of the market. No matter Futures & Swap Trading or Options Trading, they are both a way for investors to bet on the trend of cryptocurrencies’ price without holding them, it is also one of the attractions to the investors who have less funds. In order to deal with the tanglesome marketing settings to maximize users’ profit and reduce the losses as possible.



Anyway, the market will always be positive in the long term since nowadays the internet era has generated a requirement for low cost, anonymous, and rapidly verifiable transactions to be used for online barter, and fast settling money has emerged as a consequence. Be patient and enjoy getting profit with cryptocurrencies at Bitoffer.

Sounds interesting but is it withdrawable? If not I think its a waste of time for sure by the way some other exchange was offering it before but suddenly it was not withdrawable and the exchange was retracted all its first guidelines regarding the program thats why its a useless form of a marketing campaign. and truly a waste of time. let ask you for last time have you withdraw some Free USDT on Bitoffer yet?.

Yes for sure.
You can check the announcement from Bitoffer website:" 50 USDT Bonus can be released by depositing and trading. Every 500USDT options trading volume happens on your USDT Account, 10 USDT on your bonus account will be released."

Notice that it doesn't mean you have to deposit 500USDT, once your trading profit/loss achieve 500 USDT, the bonus can be released.
That's how I got my USDT back, hope it will help!

Hi guys
Just try ETH 1-min option at Bitoffer with the free 50USDT given by the website.
The only thing you have to do is to guess whether the ETH price will ups or downs after 1-min, so simple!



Register now with this code 007RGG and get 50USDT bonus to start! (of course, you don't have to spend all 50 USDT for 1 trade)

Take a try and good luck!

BitOffer Ethereum Options supports 7 different time lengths for investors to choose: 7-days, 1-day, 12-hours, 4-hours, 1-hour, 5-mins, 2-mins.