Hedging with BNB/USDT Pair: A Short-Term Perspective
If you're looking to hedge or explore short-term trading opportunities, the BNB/USDT pair could be a viable option. Binance Coin (BNB) has maintained its position as one of the most prominent altcoins, and its liquidity makes it an attractive choice for traders. Here's a brief analysis:
Trading Setup (Not Financial Advice)
Stop Loss (SL): 670 USDT Setting a stop loss at 670 ensures risk is managed effectively, limiting potential losses in case the market moves against your position.
Target 1: 700 USDT This is a realistic short-term target, as it aligns with key resistance levels observed in recent price action.
Target 2: 720 USDT For those willing to hold slightly longer, 720 provides a higher potential profit margin, given favorable market conditions.
Why the BNB/USDT Pair?
High Liquidity: As the native token of Binance, BNB sees consistent trading volumes, reducing slippage risks.
Volatility: The pair often experiences price swings, making it ideal for short-term traders looking to capitalize on fluctuations.
Market Sentiment: $BNB typically benefits from positive developments within the Binance ecosystem, such as new features or partnerships.
Disclaimer: This is not financial advice. Conduct your own research or consult a financial advisor before making any trading decisions. Always trade responsibly.
Eighteen measures to protect wallet security: 1. Use a Hardware Wallet–Keep your private keys offline in devices like Ledger or Trezor.This stops hackers from getting in remotely.
2. Backup Seed Phrases Securely–Write down your recovery phrases on paper or metal and store them in a fireproof,waterproof safe.Never turn them into digital files.
3. Enable Multi-Signature(Multi-Sig)–Make sure transactions need more than one approval.This way,one mistake won't mess everything up.
4. Avoid Public Wi-Fi–Don't access your wallet on unsecured networks.If you have to,use a VPN.
5. Regular Software Updates–Keep your wallet app,operating system,and antivirus updated to fix any weaknesses.
6. Beware of Phishing–Double-check URLs,don't click on shady links,and make sure the sender's address is right.
7. Use Strong,Unique Passwords–Mix letters,numbers,and symbols.Don't use the same password on different sites.
8. Enable 2FA(Two-Factor Authentication)–Add an extra layer of security with apps like Google Authenticator.Avoid using SMS for this.
9. Cold Storage for Large Funds–Keep most of your assets in wallets that aren't connected to the internet.
10. Verify Addresses Manually–Double-check the recipient's address by copying and pasting it and looking at it carefully.
11. Limit Smart Contract Permissions–Use tools like Etherscan to revoke unnecessary token approvals.
12. Use Dedicated Devices–Don't access your wallet on devices you use for gaming or social media.
13. Monitor Transactions–Set up alerts for any suspicious activity and regularly check blockchain explorers.
14. Educate Yourself–Stay informed about scams,rug pulls,and new types of attacks in the crypto world.
15. Avoid Third-Party Custody–Always keep control of your private keys and never share them with anyone.
16. Test Small Transactions First–Send a tiny amount first to make sure the address is correct before transferring a large sum.
17. Secure Physical Environment–Use privacy screens and turn off cameras and mics when handling sensitive data. $BTC $BNB $XRP
The trading journey is long, strategies can only be seen from the market!
大傻驰
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The road to trading is long, and strategies can only be seen from the market. The live broadcast starts tonight, click the avatar to enter the live broadcast room. #BTC Can BTC long orders still reach the other side?
#BNX强势进击 $BNX has increased a lot recently, but the past of this project is very painful. There are several kinds of pain in the currency circle that most people can't bear: 1. The currency increased and the wallet was stolen 2. The heavily-stocked currency was delisted 3. The exchange ran away 4. The currency price returned to zero 5. The project was stolen by hackers And so on
However, $BNX 's currency is still there, and the price has increased, but as an investor, it has been reduced to zero. Guess why?
In the past few days, it's been the Binance ecosystem's world, with various cryptocurrencies from Binance rising one after another. During such times, everyone needs some operational strategies; exit positions but not clear out. The Binance ecosystem may continue to make moves, so do you think that this wave will lead the Binance ecosystem to success?
#TarrifHOLD The TARIFF project has formed partnerships with platforms like Jupiter Exchange and the Meteora M3M3 platform to facilitate trading and staking opportunities for its community members
Ethereum, the second-largest cryptocurrency by market cap, has been underperforming compared to Bitcoin and other altcoins. Its market share in the crypto space recently hit a four-year low, partly due to competition from more scalable and cost-efficient blockchains.
Despite upgrades like Denali, which aimed to reduce fees and improve scalability, Ethereum has struggled to maintain network activity. Many transactions have shifted to layer-2 solutions, reducing the main chain's engagement. Additionally, major dApps like Uniswap and dYdX are moving to their own chains or alternative platforms for better performance and cost efficiency.
This migration trend could weaken Ethereum's transaction revenue, validator earnings, and token burn mechanism, leading to inflationary pressure. However, Ethereum still dominates key sectors like DeFi, stablecoins, and tokenization.
To attract institutional interest, the Ethereum Foundation has supported initiatives like Etherealize, focusing on smart contracts and real-world asset tokenization. Major institutions, including the European Investment Bank, BBVA, BlackRock, and Franklin Templeton, are exploring tokenization on Ethereum. Still, the network faces growing competition from other blockchains.
What impact will the non-farm payroll data announced tomorrow at 9:30 PM have on the cryptocurrency market?
If the data is strong:
Capital flow: If non-farm employment numbers increase significantly and the unemployment rate decreases, it indicates that the U.S. economy is growing robustly, which will strengthen the dollar's exchange rate and attract funds into dollar-denominated assets such as U.S. Treasuries. In contrast, the appeal of cryptocurrencies will decline, leading to capital flowing out of the crypto market and causing cryptocurrency prices to drop.
Monetary policy expectations: Strong non-farm data may prompt the Federal Reserve to raise interest rates or reduce monetary easing measures, which will bolster the dollar while suppressing the performance of risk assets like Bitcoin. Investor expectations for the cryptocurrency market will deteriorate, further exacerbating the decline in coin prices.
Market sentiment: Market sentiment may become optimistic, with investors' risk appetite rising, making them more inclined to invest in traditional financial markets like the stock market, while pulling out of the cryptocurrency market, resulting in declines in the prices of Bitcoin and other digital currencies.
If the data is weak:
Capital flow: If the data falls short of expectations, it indicates a weak U.S. labor market, which may trigger selling pressure on the dollar. Investors seeking to hedge or looking for other assets to offset devaluation risks may direct funds towards cryptocurrencies like Bitcoin, driving their prices up.
Monetary policy expectations: Weak non-farm data may lead the Federal Reserve to maintain low interest rate policies or even further easing. This monetary policy environment typically favors cryptocurrencies like Bitcoin, leading to more capital flowing into the crypto market and pushing prices higher.
Market sentiment: The market may become uneasy, especially with heightened concerns about the economic outlook. Investors' risk aversion will rise, viewing Bitcoin and others as 'digital gold' as safe-haven assets, thereby driving prices up.
However, the cryptocurrency market is characterized by high volatility and uncertainty. Non-farm data is just one of the factors influencing the cryptocurrency market; other factors such as the global economic situation, changes in regulatory policies, developments in blockchain technology, and internal market capital dynamics will also have significant impacts on the cryptocurrency market.
Follow me for more information and insights about the cryptocurrency market.
Currently, we are in the adjustment phase of the washout.
比特财经阿杰
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Is the bull market still on? The following information can give you the answer!
According to Greekslive, since February, the market has entered a significant correction, with BTC once dropping to $91,000, and ETH experiencing an even larger decline, falling to $2,100, marking a new low since 2024. Meanwhile, altcoins faced even sharper declines, with many dropping by 50% in one day. During the most intense downturn, the IV of ETH short-term options broke 110%, and major expirations rose to over 70%, currently remaining at high levels. BTC's decline has been more moderate, with short-term options IV rising to 65%, but as it regained the $100,000 mark, the major expiry IV fell back to pre-crash levels. From the options data, it can be seen that both BTC and ETH's Skew have maintained positive values, and whales have significantly increased their positions in call options during the correction, indicating that the market remains optimistic about the future.
According to SoSoValue data, on February 4th Eastern Time, the total net inflow of Ethereum spot ETF was $308 million, recording net inflows for four consecutive days. The Ethereum spot ETF with the highest single-day net inflow yesterday was BlackRock ETF ETHA, with a net inflow of $276 million in one day, bringing the historical total net inflow to $4.413 billion. The second highest was Fidelity ETF FETH, with a single-day net inflow of $27.4655 million, and a historical total net inflow of $1.49 billion. As of now, the total net asset value of Ethereum spot ETFs is $10.369 billion, accounting for 3.15% of Ethereum's total market capitalization, with a historical cumulative net inflow of $3.15 billion.
Summary: Li Lin's response to Mr. Sun Yuchen's recent remarks
1. Regarding the different understandings of asset calculation methods during the delivery process Li Lin stated that during the delivery of HTX (formerly Huobi) in October 2022, there were significant differences between both parties regarding the calculation methods of user assets. He emphasized: • At the time of delivery, negative asset users were excluded according to industry practices to ensure that the total user assets calculated were more in line with reality. • The delivery accounts are fully archived and have been submitted to Sun Yuchen's team for independent audit verification. • The main reason for the misunderstanding is that two years have passed since the delivery, and there have been significant changes in core personnel and financial data, rather than “concealing allocations” or “funding holes.”
2. Regarding the so-called “funding hole” Li Lin clarified that the “30 million USD funding hole” mentioned by Sun Yuchen is actually due to forced liquidation caused by extreme market conditions in leveraged trading: • Exchanges typically pursue claims against users, and when recovery is not possible, it is covered by business income, which does not constitute a “funding gap” or “concealed assets.” • Huobi had completed financial processing before delivery, and the delivered assets fully covered user assets; thus, there is no so-called “funding hole.”
3. The delivery contract is governed by Hong Kong law and supports legal arbitration • This delivery contract was signed and executed in Hong Kong and is governed by Hong Kong law. • In case of disputes, Li Lin supports arbitration through Hong Kong courts or third-party arbitration institutions, rather than public disputes on social media.
4. Opposition to irresponsible remarks • Believes that Sun Yuchen, in the absence of clear facts and with existing disagreements, unilaterally made adverse remarks using media influence. • Considers this damaging to his business reputation and potentially misleading the market, affecting industry order. • Requests Sun Yuchen to cease such actions and resolve disputes through legal means.
Finally, Li Lin calls for respect for contracts and law and wishes friends from all walks of life a Happy New Year. $XAI
🎙🎙Live broadcast preview🧨🧨🧨🧨 February 6, 2025🌈The ninth day of the Chinese New Year🌈8 am⏰Binance Square⏰Live broadcast of "Early Cryptocurrency Events"👉👉👉👉 Market analysis📈 Real-time trading strategy💹 Analysis of individual coins✔️ Trading skills...🀄 #直播预告 Follow #财经金军pro
Looking at the trend of Bitcoin, the bottom has been raised slightly, and it is now starting to fluctuate around 99000, with support also at the 99000 mark. The market has just stabilized, and the support is weak, with resistance around 103000, showing a fluctuating upward trend.
Ethereum has returned to its usual weakness. Bitcoin has already stood above support, while Ethereum has yet to reach the resistance near 2880. Only when this position breaks and stabilizes can its trend be considered on par with Bitcoin. It is particularly important whether it can recover above 2880 after the line change at 8 AM.
Overall, altcoins have seen some increase alongside the rebound of Bitcoin and Ethereum, but the inability to sustain the rise is a sore point for the market. In any market rebound, there will always be some negative news that emerges to disrupt the upward trend.
The time has not yet come, and we must maintain enough patience and a good mindset, not rush to bottom-fish. A gentleman does not stand under a dangerous wall, and a wise man does not fall into a collapsed nest. Spring has arrived, and the flowers are also catching up.