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.
The market looks a lot healthier following multiple liquidation cascades over the past two weeks. Is it time for lift-off now that the most aggressive leverage traders have packed in?lg...more
Stripe will start accepting stablecoins, more crypto wallet operators were charged in the U.S., and the spot Ethereum ETF approval deadline is nearing. Also, we look at the new Bitcoin protocol, which caused transaction fees to soar after the halving.lg...more
Accumulate, hold, and wait. The halving and new ETF waves will occur, but a slowing block production and lengthy consolidation increase the risk of short-term adverse flushes lower, favoring long spot exposure for the time being. lg...more