RATE Group | Positive bias with increased institution longs
67503
post-template-default,single,single-post,postid-67503,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Positive bias with increased institution longs

04 Nov Positive bias with increased institution longs

Posted at 11:12h in Cryptocurrency News by

[ad_1]

The cryptocurrency market has a muted start on Monday after bitcoin prices briefly touched 9300 levels over the weekend. Markets’ bias was mostly on the positive side, fresh data shows that institutions’ bitcoin long positions have increased to the highest since early August, indicating that long funds could be setting up for the upcoming Bitcoin halving, which is half a year away from now.

In our previous publication <Bitcoin and Altcoin Post-Rally Trade>, OKEx Perspectives has examined the CME bitcoin futures chart, and believe that the late October rally gap is likely to be filled. Meanwhile, the bullishness in the equities markets could continue to be an underlying support for the cryptocurrency space.

Additionally, we’ve seen bitcoin price volatility has been lowered after the rally last week. OKEx Quant notes that investors can use Value at Risk (VaR) method to manage portfolio risk due to market volatility.

News-wise, we expect that any major…

[ad_2]

Source link

Tags:
, , , ,