[Upgrade] BIT Undergoes System Upgrade on May 16
Dear BIT Users,
BIT plans to perform system upgrade from May 16, 2024, 9:00 to 10:15 (UTC). The upgrade will take approximately 75 minutes, during which all activities from Web/App/API will be temporarily suspended.
Once the system upgrade is completed, BIT will reserve 15 minutes for users to cancel orders before trading resumes.
Updates
-Trading performance upgrade
In the event of market volatility, there might be a delay in the suspension of services. Your understanding is highly appreciated!
Thank you for your support!
BIT Team
May 16, 2024
Dear BIT Users,
BIT plans to perform system upgrade from May 16, 2024, 9:00 to 10:15 (UTC). The upgrade will take approximately 75 minutes, during which all activities from Web/App/API will be temporarily suspended.
Once the system upgrade is completed, BIT will reserve 15 minutes for users to cancel orders before trading resumes.
Updates
-Trading performance upgrade
In the event of market volatility, there might be a delay in the suspension of services. Your understanding is highly appreciated!
Thank you for your support!
BIT Team
May 16, 2024
📍SYSTEM UPGRADE NOTIFICATION
The scheduled system upgrade will take place in 1 hour, Please be informed.
The scheduled system upgrade will take place in 1 hour, Please be informed.
❌SYSTEM UPGRADE UPDATE-1
BIT is performing scheduled upgrade now, service is expected to resume in 75 minutes
BIT is performing scheduled upgrade now, service is expected to resume in 75 minutes
⛔️SYSTEM UPGRADE UPDATE-2
BIT is back online. You can only cancel orders in the next 15 minutes
BIT is back online. You can only cancel orders in the next 15 minutes
✅SYSTEM UPGRADE UPDATE-3
The trading service has resumed. Thanks for your support!
The trading service has resumed. Thanks for your support!
[ 3rd Party Analysis]
[Orbit Trade Idea]
Do you agree with Hayes and Novogratz?
(Not investment advice)
Arthur Hayes and Michael Novogratz, two influential voices in the crypto market, have both expressed views that Bitcoin is likely to trade within a relatively narrow range in the coming months.
Hayes predicts Bitcoin will stay between $60,000 and $70,000 until August, while Novogratz believes it will remain between $55,000 and $75,000 for at least the current quarter.
Given the recent decline in trading volume and volatility post-ETF frenzy and Bitcoin halving, the market seems to be entering a consolidation phase with no immediate catalysts.
Trade Rationale:
If you agree with Hayes' and Novogratz's range-bound views, a Double No-Touch (DNT) option could be an optimal trade. This option would capitalize on the expected stability and reduced volatility in Bitcoin's price.
Option Structure:
- Type: Double No-Touch (DNT) Option
- Premium: $125,000
- Payout: $1,000,000 if Bitcoin remains within the specified range
- Range: [$55,000, $75,000]
- Duration: 3 months
Mechanics:
- On Day 1, you pay a premium of $125,000 to enter the DNT option.
- If during the next 3 months, Bitcoin's price never breaches either $55,000 or $75,000, you receive a payout of $1,000,000 at maturity. Else, you receive 0.
Potential return on this trade: 8x
Max net profit: $875,000
Max net loss: -$125,000
[Orbit Trade Idea]
Do you agree with Hayes and Novogratz?
(Not investment advice)
Arthur Hayes and Michael Novogratz, two influential voices in the crypto market, have both expressed views that Bitcoin is likely to trade within a relatively narrow range in the coming months.
Hayes predicts Bitcoin will stay between $60,000 and $70,000 until August, while Novogratz believes it will remain between $55,000 and $75,000 for at least the current quarter.
Given the recent decline in trading volume and volatility post-ETF frenzy and Bitcoin halving, the market seems to be entering a consolidation phase with no immediate catalysts.
Trade Rationale:
If you agree with Hayes' and Novogratz's range-bound views, a Double No-Touch (DNT) option could be an optimal trade. This option would capitalize on the expected stability and reduced volatility in Bitcoin's price.
Option Structure:
- Type: Double No-Touch (DNT) Option
- Premium: $125,000
- Payout: $1,000,000 if Bitcoin remains within the specified range
- Range: [$55,000, $75,000]
- Duration: 3 months
Mechanics:
- On Day 1, you pay a premium of $125,000 to enter the DNT option.
- If during the next 3 months, Bitcoin's price never breaches either $55,000 or $75,000, you receive a payout of $1,000,000 at maturity. Else, you receive 0.
Potential return on this trade: 8x
Max net profit: $875,000
Max net loss: -$125,000
📢$ORIPAirdrop Frenzy Campaign
🎯Trade and Hold any BRC20 Token and win the chace for $ORIP airdrop based on ranking from BIT platform's holdings snapshot. Top 2000 winners will receive 60,000 ORIP each.
🗓Snapshot Time: May 30, 2024, 10:00:00 UTC
🗳Allocated Time: 14 days after the campaign ends
Term and conditions applied. For more information, please refer 👉here
🎯Trade and Hold any BRC20 Token and win the chace for $ORIP airdrop based on ranking from BIT platform's holdings snapshot. Top 2000 winners will receive 60,000 ORIP each.
🗓Snapshot Time: May 30, 2024, 10:00:00 UTC
🗳Allocated Time: 14 days after the campaign ends
Term and conditions applied. For more information, please refer 👉here
Help Center | BIT
BIT: BTC & Crypto Exchange | Bitcoin Options & Futures
BIT exchange offers crypto derivatives trading with portfolio and unified margin. Trade Bitcoin, Ethereum and altcoin options, perpetual futures and spot now.
📢$ORIPAirdrop Frenzy Campaign
🎯Trade and Hold any BRC20 Token and win the chace to share 120,000,000 $ORIP price pool airdrop based on ranking from BIT platform's holdings snapshot. Top 2000 winners will receive 60,000 ORIP each.
🗓Snapshot Time: May 30, 2024, 10:00:00 UTC
🗳Allocated Time: 14 days after the campaign ends
Term and conditions applies. For more information, please refer 👉here
🎯Trade and Hold any BRC20 Token and win the chace to share 120,000,000 $ORIP price pool airdrop based on ranking from BIT platform's holdings snapshot. Top 2000 winners will receive 60,000 ORIP each.
🗓Snapshot Time: May 30, 2024, 10:00:00 UTC
🗳Allocated Time: 14 days after the campaign ends
Term and conditions applies. For more information, please refer 👉here
[3rd Party Analysis]
Trade Idea: If ETH ETF is approved, will ETH break 8k by year-end?
Overview:
With the much-anticipated ETH ETF approval on the horizon, there's a significant opportunity to profit from the expected rally in ETH price. The approval of ETH ETFs is expected to bring in a wave of institutional and retail investors, driving up demand, like we have seen in BTC. For those who are optimistic about the ETF approval and believe it will drive ETH price higher for the rest of the year, consider buying an ETH binary option.
Trade Details:
- Option Type: Binary Option
- Expiry: 31st December
- Spot Reference: $3900
- Strike: $8000
- Premium: $100,000 USD (paid upfront)
- Payout: $1,000,000 USD if ETH >= $8000 at expiry; else 0.
- Potential Return: 10x return on investment
(Not investment advice)
Trade Idea: If ETH ETF is approved, will ETH break 8k by year-end?
Overview:
With the much-anticipated ETH ETF approval on the horizon, there's a significant opportunity to profit from the expected rally in ETH price. The approval of ETH ETFs is expected to bring in a wave of institutional and retail investors, driving up demand, like we have seen in BTC. For those who are optimistic about the ETF approval and believe it will drive ETH price higher for the rest of the year, consider buying an ETH binary option.
Trade Details:
- Option Type: Binary Option
- Expiry: 31st December
- Spot Reference: $3900
- Strike: $8000
- Premium: $100,000 USD (paid upfront)
- Payout: $1,000,000 USD if ETH >= $8000 at expiry; else 0.
- Potential Return: 10x return on investment
(Not investment advice)
First release on the entire network !!
🥳 New Listing on BIT Exchange
LsETH/USDT
🌟 LsETH is a liquid staking token representing the value of staked $ETH plus network rewards.
👉Visit the BIT Mobile App & trade today!
📲 Download Here
🥳 New Listing on BIT Exchange
LsETH/USDT
🌟 LsETH is a liquid staking token representing the value of staked $ETH plus network rewards.
👉Visit the BIT Mobile App & trade today!
📲 Download Here
🎉 New Perps Listing : NOT/USDT
👨🏫 What is NOT?
Notcoin started as a viral Telegram game that onboarded many users into web3 through a tap-to-earn mining mechanic.
👉Visit the BIT Mobile App & trade today!
📲 Download Here
👨🏫 What is NOT?
Notcoin started as a viral Telegram game that onboarded many users into web3 through a tap-to-earn mining mechanic.
👉Visit the BIT Mobile App & trade today!
📲 Download Here
🪧 BIT will suspend BRC20 network deposits and withdrawals at 16:00 UTC on June 12, 2024, to support its network upgrade.
https://helpcenter.bit.com/hc/en-us/articles/33667301666073
https://helpcenter.bit.com/hc/en-us/articles/33667301666073
Help Center | BIT
BIT: BTC & Crypto Exchange | Bitcoin Options & Futures
BIT exchange offers crypto derivatives trading with portfolio and unified margin. Trade Bitcoin, Ethereum and altcoin options, perpetual futures and spot now.
🥳Upcoming New Listing of $USDT spot pair:
$PHONE/USDT
🌟The first DePIN project on TON, serving as both utility and governance token in the MetaPhone ecosystem
For more information, click 👉here
$PHONE/USDT
🌟The first DePIN project on TON, serving as both utility and governance token in the MetaPhone ecosystem
For more information, click 👉here
[3rd Party Analysis]
[Orbit Trade Idea]
: Buy Knock-Out Call vs. Sell Knock-In Put for Zero Cost
The investor simultaneously buys a call and sells a put.
1. Long BTC Call:
- Expiry: 2 months
- Strike: current spot
- Knock-Out Level: 30% above current spot
- If BTC price exceeds the knock-out level on any day during the 2-month period, the call option will be knocked out, resulting in no profit or loss.
2. Short BTC Put:
- Expiry: 2 months
- Strike: 90% of current spot
- Knock-In Level: 70% of current spot
- The knock-in provides a buffer against a drop in BTC price. No loss until the knock-in level is breached.
Highlights:
- Better performance compared to directly holding spot in most scenarios.
- Suited for a mildly rising market.
- Downside protected unless spot falls more 30% or more.
- Zero premium. No funding cost or extra fees.
(Not investment advice)
[Orbit Trade Idea]
: Buy Knock-Out Call vs. Sell Knock-In Put for Zero Cost
The investor simultaneously buys a call and sells a put.
1. Long BTC Call:
- Expiry: 2 months
- Strike: current spot
- Knock-Out Level: 30% above current spot
- If BTC price exceeds the knock-out level on any day during the 2-month period, the call option will be knocked out, resulting in no profit or loss.
2. Short BTC Put:
- Expiry: 2 months
- Strike: 90% of current spot
- Knock-In Level: 70% of current spot
- The knock-in provides a buffer against a drop in BTC price. No loss until the knock-in level is breached.
Highlights:
- Better performance compared to directly holding spot in most scenarios.
- Suited for a mildly rising market.
- Downside protected unless spot falls more 30% or more.
- Zero premium. No funding cost or extra fees.
(Not investment advice)
👍1
🎉 New Spot Listing : PHONE/USDT
👨🏫 What is PHONE?
The first DePIN project on TON, serving as both utility and governance token in the MetaPhone ecosystem
👉Visit the BIT Mobile App & trade today!
📲 Download Here
👨🏫 What is PHONE?
The first DePIN project on TON, serving as both utility and governance token in the MetaPhone ecosystem
👉Visit the BIT Mobile App & trade today!
📲 Download Here