Crypto derivatives are special agreements based on the value of a Cryptocurrency. Instead of buying the actual cryptocurrency, people use these agreements to speculate on their future prices.Perpetual ContractsPerpetual contracts are a kind of a Crypto derivative that allows traders to speculate on the future prices of an asset without an expiration date.ExampleA. Buying ScenarioTrader A believes that the price of Bitcoin will increaseThey enter into a perpetual contract to buy (go long) one Bitcoin at the current price of $50,000If the price rises to $60,000, Trader A can close the contract, making a profit of $10,000 (excluding fees and funding costs)B. Selling ScenarioTrader B anticipates a decrease in the price of Bitcoin.They open a perpetual contract to sell (go short) one Bitcoin at the current price of $50,000If the price drops to $40,000, Trader B can close the contract, making a profit of $10,000 (again, excluding fees and funding costs)In both cases, the traders are speculating on the price movement without a fixed contract expiration.Other Types of Crypto DerivativesFutures ContractsFutures contracts are agreements between two parties to buy or sell an asset at a predetermined future date for a price agreed upon today.Unlike perpetual contracts, Futures contracts have a specified expiration date, after which the contract must be settled.Options ContactsCrypto options give the buyer the right (but not the obligation) to buy or sell the underlying asset at a predetermined price within a specified time frame. There are call options (to buy) and put options (to sell).SwapsCrypto swaps involve the exchange of cash flows between two parties based on the movement of cryptocurrency prices. Common types include interest rate swaps and total return swapsPros and Cons of using LeveragePerpetual and Futures contracts allows traders to control a large position with a relatively small amount of capital, which is known as leverage. This magnifies both potential gains and losses.ProsMagnified profitsRisk ManagementEnhanced Trading OpportunitiesConsIncreased risk of lossIncreased rates and feesMargin callsClosing ThoughtsTrading Crypto derivatives has higher risks compared to spot trading. Have a clear risk management strategy, and be aware of the potential for both gains and losses.#TrendingTopic #Perpetual #Derivatives

$BTC 💥💥🚀🚀🚀#BTC

I am sure, you have seen an article or heard something about MicroStrategy or its co-founder and former CEO Michael Saylor. But even if this is your first time, buckle up as we decrypt together the moves of this company in the realm of cryptocurrency.
MicroStrategy is a publicly traded business intelligence company that provides software and services to help organizations analyze their data. The company is known for its business intelligence (BI) platform, which allows users to extract insights and intelligence from their data. One notable aspect of MicroStrategy's recent activities is its involvement in cryptocurrency, particularly Bitcoin. The company has been accumulating Bitcoin relentlessly over the past years and this year is not exceptional. The top statistics below speak for themself.
DATE TOTAL $BTC HOLDINGS #BTC
December 27, 202 189,150 bitcoinsNovember 30, 2023 174,530 bitcoinsNovember 1, 2023 158,400 bitcoinsSeptember 24, 2023 158,245 bitcoinsAugust 8, 2023 152,800 bitcoins 4/29/2023 to 6/27/2023 152,333 bitcoinsApril 5, 2023 140,000 bitcoinsMarch 23, 2023 138,955 bitcoinsDecember 24, 2022 132,500 bitcoinsDecember 22, 2022 131,690 bitcoins11/01/2022 to 12/21/2022 132,395 bitcoinsSeptember 20, 2022 130,000 bitcoinsJune 28, 2022 129,699 bitcoinsMay 7, 2022 129,218 bitcoinsJanuary 31, 2022 125,051 bitcoinsDecember 30th, 2021 124,391 bitcoins
Everyone is optimistic about the pending approval of Bitcoin ETF applications in early January 2024. Even experts are now issuing bold Bitcoin price predictions as the approval could mark a major milestone in the cryptocurrency industry. The different perspective suggests a potential surge to $160,000 or even $1,000,000 considering that there is also Bitcoin halving along the way. These numbers should be taken with a pinch of salt as the crypto market is very volatile and unpredictable as always.
What do you think as experienced traders, is it time to be greedy? Because MicroStrategy's aggressive Bitcoin acquisition strategy has made their intentions clear. On this note, let's remember FOMO (Fear Of Missing Out). FOMO refers to the fear that one might miss out on potential profits if they don't participate in a rapidly rising market. It drives traders, even veterans, to enter the market hastily without thoroughly researching or understanding the assets they are investing in, which is risky, as market conditions can change rapidly.
The MicroStrategy announcement states the average purchase price as $31,168.00 USD per bitcoin with a total cost of $5.90 billion USD. So the main question is, what should we, as traders, make of this great news? To answer this question fully, @Crypto Solutions provides some solid insights which you can access by clicking MicroStrategy's Strategic Bitcoin Acquisition: Strengthening Cryptocurrency Holdings and @ZyCrypto has shed more light on Spot Bitcoin ETF to Be Approved in Less Than 20 Days?
But rest assured, we are tracking the money trail, analyzing the moves of the business intelligence itself.
Nevertheless, quality information = real money #BTC . All indicators are pointing to the moon 🚀🚀🚀🚀🚀🚀🚀🚀. let us know about your Bitcoin price predictions upon the approval of the ETF applications in the comments below 👇👇.
⚠️Disclaimer
This content aims to enrich readers with information. Always DYOR (Do Your Own Research) and invest using funds that you can afford to lose. All buying, selling, and crypto asset investment activities are the reader's responsibility.

Binance completed integration of 19 new dApps on Binance Web3 Wallet on December 21. Users can now interact with these new dApps via Binance Web3 Wallet with just a few simple steps.What are dAppsDecentralized applications (dApps) are applications that run on a decentralized network of computers utilizing blockchain technology. They operate on peer-to-peer network and often use smart contracts unlike traditional applications. This ensures transparency and security across various domains such as finance, gaming and more.List of new dApps on Binance Web3 WalletDodo, Radiant Capital, Maverick, WooFi, CyberConnect, QuickSwap, GMX, Gala Games, BinaryX, 1inch, Maker, Compound, Curve, Convex, Frax Finance, Sushi, Yearn Finance, Alpaca, BiSwapBinance Web3 WalletBinance Web3 Wallet is a secure, self-custodial crypto wallet integrated within the Binance App. The Wallet serves as a gateway between Exchange and Web3. Binance Web3 Wallet enables users to explore best dApps, swap tokens, earn yield, interact with multiple blockchain and more.How to set up your Binance Web3 WalletOn your Binance App, go to wallets and tap on Web3 tab. Alternatively, go to services or search "web3 wallet" on the app.Click on Create a Web3 Wallet and your wallet will be created in no time.Make sure you back up your wallet before getting started to transfering funds and using your wallet.How to access dApps via the Web3 WalletAccessing dApps requires you to connect your Web3 Wallet in just simple steps. Luckily for you, when acessing dApps via Binance Web3 Wallet, your Wallet is automatically connected.On Binance Web3 Wallet home page, go to Discover where you will find all trending dApps.After clicking the dApp you want to open, you will be asked to confirm the Dicraimer to open the dAppYour Wallet will show on the top right corner of the dApp browserSwap to win up to 1 BTCComplete at least one swap on Binance Web3 Wallet by 31st December to join the contest and receive up to 1 BTC. Rewards will be airdropped to users wallets within 2 weeks after activity concludes. Up to 1 million users to be rewarded.Closing ThoughtsDo Your Own Research #DYOR🟢 #BinanceWallet

Binance Launchpool is a platform on Binance exchange that allow users to stake their Crypto assets such as BNB or other coins to earn new tokens from new projects.It is a way for users to participate in early stages of a new project and earn rewards. Users lock up their assets for a specified period, and in return they earn new tokens from the project being launched.Difference between Binance Launchpool and Yield farmingBinance Launchpool is specially associated with Binance exchange and involves staking to participate in new project launches.Yield farming, on the other hand, is a broader concept in decentralized finance (DEFI) where users provide liquidity to decentralized exchanges (DEX) or lending platforms.Users lock up their funds in smart contracts, contributing to the liquidity of the platform, and they earn rewards in the form of additional tokens or a share of transaction fees.Yield farming often involves more complex strategies, such as moving funds between different protocols to maximize returns.Benefits of Binance LaunchpoolIntegrated Platform: Binance Launchpool is part of Binance exchange, the best cryptocurrency exchange globally.User-Friendly Interface. The interface of Binance Launchpool is accessible for both experienced and beginner cryptocurrency users to participate in token staking and new project launches.Passive Earning: Participants in Binance Launchpool can earn rewards in the form of new tokens from the project being launched.Staking Flexibility: Binance Launchpool often allows users to stake and unstake their tokens proving flexibility for participants to manage their assets.Early Access to New Projects: Users can get early access to tokens from new promising projects by staking BNB or specified tokens on Binance Launchpool.How to get started on Binance Launchpool1. Navigate to LaunchpoolOn your Binance App Homa page, click on the "More" icon to go to "Services" Where you will find "Launchpad" under "Earn Services". Alternatively, you can search "Launchpad" on your Binance App and navigate to "Functions" tab and you find "Launchpad".2. Select a ProjectChoose the project you want to participate in. Binance Launchpool typically lists the details of each project, including the staking period, reward structure, and other relevant information3. Stake Your TokensStake BNB or other specified tokens for the chosen project. Follow the instructions provided on the Launchpool page to complete the staking process.4. Earn RewardsOnce your tokens are staked, you'll start earning rewards. These rewards are often distributed regularly throughout the staking period5. Unstake and claim RewardsAt the end of the staking period or whenever you decide to exit, you can unstake your tokens and claim the rewards. Be aware that there may be lock-up periods or conditions for unstaking6. Monitor and ManageKeep an eye on the performance of the project and your staked assets. Binance Launchpool often allows flexibility in managing your staked tokensClosing ThoughtsAlways make sure to read the terms and conditions of each Launchpool project, understand the risks involved, and conduct thorough research before participating. #BinanceLaunchpool $BNB