«BTC continues to be ‘the’ macro asset for the crypto market and could also see some strong inflows as the macro environment shifts,» Noelle Acheson, author of the popular Crypto Is Macro Now newsletter, said. «Many large investors will continue to prefer BTC exposure for its liquidity, market cap, and …
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“Data suggests that long volatility strategies have been deployed extensively over the weekend after the price crashed below the $25,000 level,” the analysts wrote. “In turbulent times, traders might expect high volatility to continue and use options strategies (like straddles or strangles) to profit from this.”
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«Bitcoin closed the [last] week with a notable drop below its 200-week and 200-day moving averages, signaling a shift to a bearish trend. From current levels near $26,000, the following area of decline appears to be the last pivot area at $24,700,» Kuptsikevich said in an email.
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