Prices have retraced from 2mth highs as we enter a data-heavy week, set to move markets. While this may subdue short-term momentum, Q4 offer a plethora of bullish factors.
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Market strength heading into Q4
Bitcoin reached a 2-month high above $65,000 this week, bolstered by the Chinese central bank’s largest stimulus announcement since Covid. BTC has since given up some ground to trade flat for a 1% gain on the week. BTC also broke the September seasonality curse with a 7.3% gain on the month, its largest September return in history. Despite a solid week, 7-day average volumes fell to 7.5-month lows over the weekend. We now look ahead to employment
The stars are again aligning as market fundamentals look increasingly favorable. BTC is entering its strongest seasonal period of the year, leaning heavily in favor of aggressive exposure. lg...more
The market reign anemic with negative funding rates and dwindling trading volumes. Several important economic indicators are due to be released this week. Will this stop the market from slumbering?lg...more