Details about 3X Short Bitcoin SV Token cryptocurrency
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https://ftx.com/tokens/BSVBEAR
3X Short Bitcoin SV Token price charts
BSVBEAR exchanges
3X Short Bitcoin SV Token, the crypto
3X Short Bitcoin SV Token (BSVBEAR) is a cryptocurrency that aims to provide traders with a way to short sell the price of Bitcoin SV, with a leverage of 3x. This means that if the price of Bitcoin SV goes down, the value of BSVBEAR will increase by three times, and if the price goes up, the value of BSVBEAR will decrease by three times.
The point
The main point of 3X Short Bitcoin SV Token (BSVBEAR) is to provide traders with a way to profit from the decline in the price of Bitcoin SV without actually owning the coin. This allows traders to hedge their portfolios or take advantage of short-term market movements, without having to deal with the complexities of short selling.
The problem
3X Short Bitcoin SV Token (BSVBEAR) tries to solve the problem of short selling Bitcoin SV, which can be difficult and risky for traders. Short selling involves borrowing a coin, selling it at the current market price, and then buying it back at a lower price to make a profit. However, if the price of the coin goes up instead of down, the trader could face significant losses. 3X Short Bitcoin SV Token (BSVBEAR) eliminates the need for traders to borrow and sell Bitcoin SV by providing a synthetic asset that tracks the price of Bitcoin SV with a 3x leverage on the downside.
Compare BSVBEAR and BTC performance
| Timeframe | BSVBEAR | BTC |
|---|---|---|
| 1h change | -0.532753 % | -0.234911 % |
| 24h change | -3.06 % | 1.25967 % |
| 7 day change | -67.88 % | -1.44157 % |
| 14 day change | 0.71 % | -9.47799 % |
| 30 day change | -89.42 % | -7.33786 % |
| 200 day change | -99.88 % | 129.168 % |
| Year change | -99.96 % | 129.33 % |