That trend could reverse this year, Lubka said, although it’d be the result not of the planned supply shock but rather of the new demand shock. This year, however, that whale demand (which includes OG bitcoiners, new investors and bitcoin ETF holders) is already at an all-time high, and the block reward hasn’t even been slashed yet. Thanks to the advent of bitcoin exchange-traded funds, demand for the cryptocurrency is bigger than ever, according to CryptoQuant. The data shows that historically, “whale” demand for bitcoin spikes after each halving, driving prices higher. Julio Moreno, Google Play Protect head of research at CryptoQuant.
Crypto Trading Platform India
Custom Bots – Of course power users will want to create their own customized bots. The Octobot script enables this functionality. Upon its arrival at the second exchange, traders can sell the coin, securing a profit derived from the price discrepancy. This approach takes advantage of market inefficiencies, providing opportunities for traders to make gains without significant risk. Arbitrage trading, as this strategy is known, revolves around a straightforward concept: purchasing a coin on one exchange where its price is lower and promptly transferring it to another exchange where it fetches a higher rate. ChatGPT Bot – The platform also offers the opportunity to leverage the intelligence of ChatGPT to trade.
The Ultimate Strategy For Crypto Trading Bot
This feature is useful for beginners or anyone lacking experience in crypto trading. The multi-purpose platform combines its hub functions, copying service, social trading, and an investment portfolio management service to offer a wide range of services. The platform offers other top features like its Trading Terminal, which allows you to set stop-losses and multiple take profits, and its Strategy Editor, where you can create an automated trading algorithm with a drag-and-drop interface. Next up as one of the best AI crypto trading bots is Cryptohopper, which is an AI-powered crypto trading bot that helps you save time by automating your trading.
Another great option for an AI crypto trading bot is Bitsgap, which offers crypto trading bots, algorithmic orders, portfolio management, and free demo mode in one place. This has many great benefits, such as allowing you to execute strategies easily and deploy advanced bots simultaneously across platforms. Bitsgap is integrated with 30 different exchanges, including top ones like Binance, Kraken, and Bitfinex. By bringing everything together in one place, you can compare rates from various digital currency markets, trade and switch between exchanges, track your investments, and test strategies through a demo account. One of the top selling points of Bitsgap is that it makes it possible to connect all of your exchanges in one place.
