Multiple Profit Opportunities in a Downtrend Market: HTX Introduces New Ways to Play BTC
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Multiple Profit Opportunities in a Downtrend Market: HTX Introduces New Ways to Play BTC
Buy the dip in BTC + earn swing trading profits + mine $HTX — multiple benefits from a single move.
Navigating Web3 tides with focused insightsSince mid-June, when the Federal Reserve released its latest dot plot, the crypto market has entered a downward trend. BTC gradually declined from its high of $70,000, and recently dipped below $59,000 following the announcement by Mt. Gox's trustee that asset repayments would begin in July. Under pressure from negative macro sentiment and tightening liquidity in the crypto market, BTC has temporarily stabilized around the $61,000 support level, awaiting fresh catalysts.
This Friday evening, Beijing time, the U.S. will release the latest core PCE data. If the figures come in favorable, investor confidence could receive a boost. Additionally, spot Ethereum ETFs are expected to be officially approved and begin trading next week, which may further lift market sentiment. However, beyond hoping for positive macro signals, investors can still seek better opportunities and assets to generate returns—even thriving amid adversity.
At this juncture, Huobi HTX has timely launched a new feature—“Order Book Mining”—offering investors a simple yet highly rewarding income opportunity.
Continuing From Trade Mining: Earn Rewards in Minutes
Launched in March this year, Huobi HTX’s trade mining campaign was widely praised by users and significantly boosted platform trading liquidity, creating a win-win scenario for both users and the exchange. As a sister initiative to trade mining, order book mining aims to deliver multi-dimensional trading experiences and greater earning potential with even lower entry barriers.
As the name suggests, order book mining allows users to earn rewards simply by placing orders. The first phase supports the BTC/USDT spot trading pair. Huobi HTX will take random snapshots of open orders for this pair every minute, then calculate and accumulate rewards separately for qualifying buy and sell orders based on each snapshot. Users need only meet two conditions to qualify:
1. At the time of snapshot, the limit order must have a value (price × quantity) ≥ 100 USDT
2. The order price must not deviate more than 0.5% from the latest traded price (closing price) at the time of snapshot
The first order book mining event runs from June 26, 18:00 to July 3, 18:00, 2024 (UTC+8), lasting seven days, with a total prize pool of up to 25.7 billion $HTX—approximately 2,552,478 $HTX per minute. Any user who registers via the event page can participate without additional requirements.
Buy the Dip in BTC + Capture Swing Gains + Mine $HTX: Triple Benefits
Despite BTC’s recent pullback, it remains the most trusted asset in the current volatile crypto market. According to CoinMarketCap, BTC’s market dominance has been steadily rising over the past month. Since breaking above $60,000 at the end of February, BTC has established relatively strong support around that level. With potential near-term tailwinds emerging, now may be a reasonable time to accumulate BTC. The order book mining campaign offers investors a dual benefit: buying BTC at attractive prices while also earning extra $HTX rewards. The more valid orders placed—and the larger their size—the higher the $HTX rewards. When BTC rebounds in the future, $HTX is also likely to appreciate, giving users exposure to gains on both fronts.
Meanwhile, choppy markets present ideal conditions for swing traders to boost profits. The minute-by-minute snapshot mechanism increases the chances for short-term traders to successfully mine $HTX. By capturing swing gains while simultaneously earning $HTX rewards, traders can effectively reduce their overall trading costs.
Conclusion
As an innovative cryptocurrency exchange focused on user experience, Huobi HTX is committed to continuously delivering rich trading experiences and generous rewards. In the current sluggish market environment, where liquidity incentives are needed, Huobi HTX is striking again after trade mining. Order book mining is poised to inject fresh vitality into the market.
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