Despite the relatively calm price action over the last seven days, Bitcoin’s situation continues to weaken underneath the surface. That’s casting increasing doubt on the recovery trend and raising the risk of another leg lower in the short term. Some of the recent macro developments are not helping either. Treasury yields are moving higher on the back of inflation, and Bitcoin’s own demand indicators continue to soften at the same time. None of this guarantees an immediate breakdown. But the overall setup is becoming harder to interpret as a market that is rebuilding momentum. So let’s go through the data and discuss what that means for positioning right now. Ecoinometrics delivers professional-grade crypto and macro analysis to help institutional investors and serious traders make data-driven decisions. Our team conducts rigorous quantitative research, developing proprietary metrics and institutional-quality visualizations that cut through the noise to reveal key market dynamics. Each newsletter provides clear, actionable insights backed by data, delivered in a concise format that respects your time - five minutes to absorb, but deep enough to inform your investment strategy. Join over 34,000 professional investors and fund managers: Ready? Let’s dig into the data. Bitcoin’s Recovery Continues To DeteriorateThe Takeaway...Continue reading this post for free in the Substack app
|
No comments:
Post a Comment