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29 Apr 2024

A cautious market

After months of optimism and increased prices, the market sentiment has now turned well and truly cautious. Will "sell in May and stay away" once again be a sound strategy?
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Traders have turned cautious
After months of optimism and increased prices, the market sentiment has now turned well and truly cautious. BTC has trended downwards over the past two and a half weeks, going from $71,000 to $61,000 as ETF flows have remained shallow or negative. Increasingly cautious traders have accompanied the trip down, with the current market neither signalling bullish nor bearish aggression.
CME premiums and open interest fall further
Perps traded at a discount for the past week
Be alert - Wednesday’s FOMC can move the market
Sell in May and stay away?
A Mt. Gox-driven spread trade
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