The crypto market took a significant hit late last week. Bitcoin fell from $95,000 to $87,000, marking a substantial loss just before the weekend. Altcoins like Ethereum, Cardano, and Solana also followed the downward trend.
However, the downturn wasn’t a loss for everyone. A free grid trading bot on OKX managed to capitalize exceptionally well on the continuous decline. The automated strategy generated significant profits on various projects, notably achieving a +106.66% profit on ‘1INCH’ in just a few days. The bot is currently free for all Dutch and Belgian users.
Foto: Iryna Budanova / Shutterstock.com
How the Bot Capitalized on Volatility #
A grid bot operates based on price fluctuations. It automatically buys and sells within a user-defined range, 24 hours a day. This allows the bot to profit precisely on days when most traders incur losses.
| Strategy | Duration | Result |
|---|---|---|
| Short term | 7-20 days | +106.66 |
| Medium term | 1-2 months | +181.44 |
| Long term | 3-6 months | +20.09 |
Growing Popularity of Trading Bots in the Netherlands #
In uncertain markets, a growing number of Dutch investors are seeking structured solutions. Crypto bots, such as those from OKX, are designed to alleviate this burden, eliminating the need for constant technical analysis or market monitoring. You select a coin, define a strategy, and the bot handles the rest—your funds remain in your account and are not locked.
According to data from OKX, these automated strategies have also performed well with other coins like Bitcoin, Solana, XRP, and Dogecoin.
Important: bots do not guarantee profits and their performance is dependent on market movements. They can be a component of a broader trading strategy.