UTKxMoney Price

On August 25, according to an official announcement, Huobi Poloniex has launched the JP225/USDT and ADI/USDT perpetual contracts today, supporting 1-20 times leverage for both long and short positions. Additionally, from now until September 1 at 15:00 (UTC+8), Huobi Poloniex is hosting a new contract trading competition. Users who register, participate in the trading of the specified contract currencies, and meet the designated thresholds will have the chance to share a total prize pool of 1 billion Poloniex tokens.

On August 25, according to an official announcement, Huobi Poloniex has launched JP225/USDT and ADI/USDT perpetual contracts today, supporting 1-20x long and short operations. Additionally, from now until September 1 at 15:00 (UTC+8), Huobi Poloniex is hosting a new contract trading competition. Users who register, participate in the trading of the designated contract tokens, and meet the specified thresholds will have the chance to share a total prize pool of 1 billion Poloniex tokens.

On August 25, on-chain analyst Murphy discussed trading options on the right side after Bitcoin surpassed $80,000. Some traders may wonder what to do if they buy now and BTC falls back to $58,000. A 20% drop could lead to a further decline of 30% or even 40%, which is a common phenomenon known as 'fear of heights' in right-side trading. Right-side buying usually requires setting stop-loss points in advance, based on the trader's personal technical indicators, actual positions, and risk preferences. Murphy mentioned that he often uses STH-RP (Short-Term Holder Realized Price) as an important reference. Historical data shows that if it breaks above the STH-RP in the latter half of a bear market, there is a high probability of a small trend emerging. If it subsequently retests the STH-RP without breaking it, the trend is considered to continue; if it breaks below, the trend ends. Currently, the STH-RP is around $70,000 (subject to change), and if BTC falls back to $70,000, caution is advised. A daily close below this level should trigger a stop-loss. Theoretically, the stop-loss range for right-side positions is about -10%, and one should not wait for a -25% drop or more to make a decision. Murphy concluded that, in his view, the wear and tear in trading is normal and can even be considered necessary. Avoiding wear and tear might result in missing out on a significant trend.