The market has been anxiously waiting for bitcoin’s next big move for over a month now. Bitcoin has been trapped in a low-volatility squeeze between $9,200 to $9,800. Meanwhile, influenced by the lack of clear direction of the market, bitcoin’s daily trading volume also hit a low. The price-tracking website CoinMarketCap points out that the trading volume of bitcoin only recorded $19 million on June 19, which is 50% lower than the data on May 19.
Unlike the lukewarm sentiment of day traders, data of Chainalysis shows that $11.4 million worth of bitcoin is held by long term investors, and 60% of them are held by licensed custodians. Although bitcoin is known for its high volatility, a majority of investors still maintain confidence in its long-term performance and regard it as a store of value.
Breakdown of Bitcoin supply. Source: Chainalysis.
In regard to bitcoin’s recent performance, Knash Nikolsson, the Marketing Director of Bexplus said that: “Bitcoin is trading flat lately, and some Bexers have told us the trendless market is taking a toll on them since they just don’t know which direction is a better bet…It seems that bitcoin has entered another consolidation stage, and what follows is often a huge breakthrough or a huge breakdown. If traders want to get a short break from the stressful trading, they are recommended to deposit their coins in the Bexplus wallet and earn interest without taking risks. ”
Bexplus BTC Wallet: Up to 30% Annualized Interest Without any Risks
Bexplus, a leading crypto-trading platform offering 100x perpetual contracts on BTC, ETH, LTC, EOS, and XRP, recently introduced its innovative interest-bearing wallet with up to 30% annualized interests, which is no doubt one of the most profitable rates in the industry.
The interest is calculated daily and the revenue of the deposit will be settled monthly. The monthly interest is calculated as (S*I/365*30)=MI. S represents the sum of the deposit, I stands for interest, and MI is the monthly interest.
If you deposit 10 BTC in your wallet, the monthly interest you would receive is (10*30%/365*30)=0.24 BTC. While most lending platforms require traders to deposit at least 1 BTC, traders can make a deposit starting from 0.05 BTC on Bexplus.
It is worth mentioning that deposits in the wallet are independent of the trading account. The deposits can not be used for trading nor will it be calculated as margin. So even if your positions get liquidated during huge price swings, the deposits in the wallet will still be intact. There is no fee for transfer between the trading account and the wallet.
Features You Might Want to Know about Bexplus Wallet:
High Security: most of the bitcoins are stored in an offline storage system (cold storage), while only a small amount is kept in the hot storage. The platform uses multiple signature access, and all funds transferred from cold storage to hot wallets are manually processed and require multiple staff to coordinate.
No KYC Requirements: all registrations on Bexplus are done via email verification. You don’t have to worry about getting your information leaked. You can start trading within a few minutes and the transaction between the trading account and wallet is instant.
No Penalties for Early Withdrawal: withdrawal requests will be processed within 1 day with no penalties for early withdrawal. If you withdraw your deposit on the tenth day of the month, you can still receive the interests generated within this period.
Low Minimum Deposit Amount: while most lending platforms require traders to deposit at least 1 BTC, traders can make a deposit starting from 0.05 BTC on Bexplus.
Mobile Support: the best ranking app allows you to check your deposit and market movements anytime and anywhere. All data and assets are shared across all devices.
Follow Bexplus on:
Apple App Store: https://itunes.apple.com/app/id1442189260?mt=8
Disclosure/Disclaimer: This article is sponsored and provided by a third-party source and should not be viewed as an endorsement by ZyCrypto. Readers should do their own research before having anything to do with the company, goods, and/or services mentioned in the above article.