Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
Everyone seems to have a Top 10 list, so here's this week's Top 8 reasons why traders be a little nervous about stocks at these levels.
1. Low volume: Lowest four volume days of the year for the S&P 500 (NYSE: SPY) have occurred in the past 10 trading days.
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2. Low VIX: Even with the slight bump up recently, VIX still trading below 12 and at lowest levels since 2007 (except a brief drop in March 2013).
3. 10 days in a row up: S&P E-Mini Futures have closed higher 10 days in a row.
4. 396 days above 200 Day Moving Average: Second longest streak in past 20 years..record is 525 in 1998.
5. Tight credit spreads: Junk bond yields to Treasuries approaching historic lows...not much reward for greater risk.
6. GDP negative last quarter: And without the Obamacare bump, this likely would've been even worse.
7. QE being wound down: Free money party nearer the end than beginning.
8. Complacency: "So what?" traders say after reading the first 7 reasons.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.