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.
Credit Suisse says Monday's opening trading was most likely driven by an unwinding of hedges instead of market panic. The bank believes many of the traders long volatility Thursday and Friday were forced to sell futures positions Monday morning. In some very telling commentary that will surely gather a rise out of the community debating the merits of high-frequency trading (HFT) CSFB said:
"HFT is typically 50% of overall [volume], but they have to walk away in this heightened [volatility environment],"
Credit Suisse hinges its transition to a bullish viewpoint on the indication of increased buybacks.
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.
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