Bitcoin
Bitcoin — the first and most important cryptocurrency. Botty trades exclusively BTC perpetuals on Hyperliquid.
What Bitcoin is
Bitcoin is the peer-to-peer cryptocurrency launched in 2009 by Satoshi Nakamoto — the first successful implementation of a decentralized digital money system with no central authority. Ticker: BTC, sometimes XBT (ISO-compliant).
Relevant for trading purposes:
- Market capitalization currently the largest crypto asset class.
- Liquidity excellent on all major exchanges, 24/7 trading.
- Volatility high compared to equities; lower than small altcoins.
- Correlation to altcoins usually high — BTC sets the risk-on/risk-off mood of the entire crypto world.
Bitcoin vs. Bitcoin perpetual
BTC can mean different things:
| Context | Meaning |
|---|---|
| Spot market | actual Bitcoin (on-chain asset) |
| Futures/perp market | a contract that tracks the BTC price, not a real coin |
| BTCUSDT / BTCUSD perp | perpetual-futures pair against a USD(T/C) stablecoin |
Botty trades exclusively BTC-USD perpetuals on Hyperliquid. No real coins are held — only margin contracts.
Why BTC and not altcoins
- Liquidity: the BTC perp has 10–100x more order-book depth than small alts. Slippage is therefore negligible.
- Data history: Binance futures data since 2020, reliable parquet archives.
- Volatility: high enough for momentum/trend strategies, but not as extreme as small alts (which make 50%+ daily moves).
- Robustness: less risk of sudden delistings/rug pulls.
Reference price
For backtests Botty uses Binance USDM Futures 1m candles (BTCUSDT), not spot. Rationale: perp prices track Hyperliquid perpetuals within a few USD; spot prices deviate more (funding/arbitrage difference).