After recording its largest weekly decline in the past six months, Bitcoin reversed course on March 25, once rising to $71,000. As of the time of writing, BTC on the Huobi HTX platform is quoted at 70,590 USDT.
Analyst 10x Research released a report stating that Bitcoin may hit a record high of $83,000 after breaking through the consolidation situation. Ki Young Ju, founder and CEO of CryptoQuant, has said that Bitcoin spot ETF net flows exceeded 30,000 Bitcoins earlier in March, and at the current rate, there will be a sell-side liquidity crisis in the next six months. In the event of a sell-side liquidity crisis, Bitcoin's next cycle top may exceed expectations due to limited sell-side liquidity and weak order books.
Given the high expectations and scarcity of Bitcoin, how to participate in market fluctuations and maximize excess returns is a question that investors need to consider. In this regard, Huobi HTX has specially launched a trading mining activity, which can not only enrich the trading experience, but also provide users with opportunities to increase their wealth.
Transaction Mining: Huobi HTX creates an era of negative BTC rates
Trading mining is an exclusive benefit prepared by Huobi HTX for users. By trading specified currencies, you can share the corresponding prize pool. At the same time, the net handling fees generated by the trading pair will be fully used for $HTX repurchase and 100% destroyed to support the steady growth of $HTX value.
Currently, Huobi HTX has launched BTC/USDT spot and contract trading mining activities. By participating in any of these activities, you can enjoy discounted rate transactions and have the opportunity to share a total daily reward of 200,000 USDT.
It is reported that this activity will help improve the trading liquidity of the platform, provide users with a better trading experience, reduce transaction costs, and improve transaction efficiency. At the same time, it can effectively reduce the circulation of $HTX, improve its stability and value, and help attract more investors and users to participate in ecological construction.
Most importantly, this burning method also brings more profit opportunities to HTX DAO users. By participating in liquidity mining and staking rewards, users can obtain more token rewards and achieve wealth appreciation.
Trading Mining Guide: How to earn a daily total of 200,000 USDT wool
According to the official announcement of Huobi HTX, BTC/USDT spot trading mining will continue until 19:59:59 on April 14 (UTC+8), and contract trading mining will end on March 27 at 19:59:59 (UTC+8). ). Both activities can enjoy independent daily rewards of 100,000 USDT equivalent to $HTX.
Each round of transaction mining activity starts from 20:00 (UTC+8) on day T and ends at 19:59 (UTC+8) on day T+1. Among them, the spot trading mining rewards will be calculated and updated at 12:00 on T+2, and users can claim $HTX mining rewards at any time. Contract trading mining rewards will be distributed to individual Huobi spot accounts within 3 working days after the end of each round of mining.
Huobi HTX trading mining is open to all users, including market makers and API order users. To participate in spot trading mining, the user's rocket value must be greater than 300, and the user must successfully register on the event page. To participate in contract trading mining, the contract account assets must be ≥10 USDT (excluding contract trial funds), and click the "Register Now" button.
In addition, it is worth mentioning that after 00:00:00 on March 20, 2024 (UTC+8), users who participate in transaction mining activities will receive the handling fee of the mining reward, and no rebates and commissions will be made. Cashback, commissions and cashbacks for other handling fees will not be affected. This move is to further increase the daily repurchase amount of $HTX and support the steady growth of the value of $HTX.
