Market Events: Whales Bet Big on Ethereum
The crypto market received a blockbuster news – an anonymous crypto “whale” established a 5x leveraged long ETH position with $6 million , with an average opening price of $1,624.44 , which means that he mobilized up to $30 million in long contracts in the market at one time .
This level of operation is extremely rare in the current relatively sluggish market and is seen as a prelude to the launch of a potential bull market. It also sends an important signal: institutional funds are gradually flowing back into the Ethereum market.
However, for ordinary investors, this high-risk leveraged trading is not the best choice. The more turbulent the market is, the more people want a stable, safe and sustainable way to participate . In such an environment, a platform stands out – SIX MINING cloudmining platform.
What is CloudMining?
Cloudmining is the process of mining for cryptocurrencies, a process that requires the use of remote data processing centers. Investors can purchase mining contracts or plans from cloud service providers and mine without having to purchase expensive equipment or worry about maintenance issues.
Why has cloudmining become the first choice for retail investors?
In contrast, the “risk-free participation method” provided by the SIX MINING cloudmining platform has become more popular.
The following are the four major advantages of SIX MINING:
1. Daily income settlement, automatic deposit
No manual operation is required, and the income is automatically distributed according to the computing power contract every day to avoid human operational errors.
2. No equipment required, no technical threshold
There is no need to buy mining machines or build a mining farm. You only need to select currencies such as ETH, BTC, DOGE, etc. and purchase computing power to start cloudmining.
3. Green energy mine, environmentally friendly and efficient
The data centers that SIX MINING cooperates with are located in Iceland, Canada and other places. They are driven by 100% clean energy and are in line with the global trend of sustainable development.
4. The platform has a strong reputation and active users around the world
Currently, more than 8 million users around the world use SIX MINING for cloudmining investment, making it one of the most active cloudmining communities in the industry.
SIX MINING ‘s custom contracts
1. Trial Contract Plan: Investment amount is $100, total return is $7.2
2. Primary Contract Plan: Investment amount is $500, total return is $37.8
3. Primary Contract Plan: Investment amount: USD 1,000, total return: USD 132
4. Primary Contract Plan: Investment amount: USD 3,000, Total income: USD 666
5. Intermediate Contract Plan: Investment amount: USD 5,000, total income: USD 1,530
6. Intermediate Contract Plan: Investment amount: $10,000, total income: $4,401
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Summary: Who will have the last laugh?
Whales are adding positions, retail investors are following suit, and the market may usher in a new round of volatility in the short term. However, truly smart investors have chosen another path .
Don’t bet on the direction, just make money on the trend.
In this impetuous era, SIX MINING is the platform that can help you keep your “income after sleep” growing. Even without relying on the market taking off, it can still make your wallet fatter.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Investments in cryptocurrency and cloudmining are highly speculative and involve significant risk.
The post Whales increase their holdings of ETH. Why is SIX MINING more popular amid market turmoil? appeared first on Insights News Wire.
This release was published on openPR.
