Choose this strategy if you believe Bitcoin is poised to decline in value relative to the USD, and use it to short Bitcoin with USD as collateral.
Discontinue the strategy once you expect Bitcoin's downward trend against the USD to reverse.
Market: Linear Derivatives
Held Asset: USD
Settlement Asset: USD
Strategy: Short
Available from: Pi Cycle + top indicators
Available until: Pi Cycle + bottom indicators
Key Features:
Leverage: 1x
Safety Net: 100%
Minimum Deposit: 1 BTC in USD
Maximum Deposit: $4,000,000 (per account or sub-account)
Expected Return: 3%+ per month.
Description: This approach uses USD to engage in linear derivatives markets. It employs the BTC index to programmatically sell (short) BTC contracts priced in USD when Bitcoin's price trends higher and repurchase them when the trend reverses downward profiting from the difference between the average sell price and the repurchase price.
This strategy settles profits in USD and is exclusively available during the bear market cycle.
CB010 is related to this one as far as deposit and profit settlement currencies but not as far as market cycles availability.
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