At present, the price of Bitcoin is approaching the historical high in 2017, and many veterans in the currency circle are considering shorting Bitcoin BTC! This article will talk about how to use USDT-margined perpetual contracts to short Bitcoin on Huobi!
The original content can be fine-tuned and rewritten as follows: "The main methods of shorting Bitcoin include delivery contracts, options contracts, currency-margined contracts and USDT-margined contracts. Contract. Among them, the USDT-margined contract is the most convenient way to short Bitcoin and other altcoins."
Coin-margined contracts require you to first purchase the corresponding cryptocurrency as a margin, and then you can short the cryptocurrency. But this operation is relatively cumbersome, especially when Bitcoin falls. Holding cryptocurrencies such as Bitcoin will increase the risk of asset devaluation.
A perpetual contract is a contract that has no expiration date and delivery date and can be held indefinitely. USDT perpetual contracts refer to contracts priced in USDT, and all operations and profits and losses are calculated in USDT.
Using USDT-margined contracts, you can directly short any perpetual contract currency without purchasing the short-selling target currency. The margin and income are calculated in USDT.
Step one: Log in to Huobi official website: https://www.huobi.io/zh-cn/, in the "Contract Trading" menu Select "USDT-based Perpetual" to enter the contract trading website!
Step 2: Select the trading currency in "USDT-margined perpetual contract". Currently, the USDT-margined perpetual contract varieties listed on Huobi include: BTC, ETH, and LTC , XRP, BCH, BSV, EOS, LINK, DOT, UNI, FIL, YFI, BNB, etc. Here is the "BTC Perpetual/USDT" transaction as an example!
Step 3: Before starting the USDT-margined perpetual contract, transfer USDT from the “Currency Account” to the “USDT-margined Perpetual Contract Account”. Without USDT You need to buy USDT first!
Transfer 3,000 USDT from the “Currency Account” to the “USDT-margined Perpetual Contract Account”!
Step 4: If you think the price of Bitcoin will fall, you can choose to place an order to short Bitcoin. Here, enter the selling price, selling quantity and leverage of Bitcoin and select "Sell to Open Short"! The closer the pending order price is to the market price, the easier it is to complete the transaction!
Huobi USDT-margined perpetual contract has no delivery date and is settled every 8 hours. It supports two-way trading and up to 125X multiples. The author recommends that the leverage should not exceed 20 times. If the reverse fluctuation is large, it is easy to liquidate the position!
Step 5: Confirm the pending order, closing method and set the stop profit and stop loss; after placing the order, you can check the order status in "Current Order", and the order can be placed at any time Cancel! If the order is completed, you need to check the position status in "Current Position"!
In addition, it is recommended to set a stop-profit and stop-loss after opening a position, and click the green "Close Short" to close the position immediately!
The above is the detailed content of How to short Bitcoin on Huobi? USDT-margined perpetual contract introductory tutorial. For more information, please follow other related articles on the PHP Chinese website!