In this episode, we unpack Bitcoin and Ethereum's Turning Point underway now and give analyst insights into what it means for the #cryptomarket.
Today’s Topics:
* #Bitcoin is poised for a regime change in 2024 due to the #Fed stepping back from tightening monetary policy, allowing assets to become less correlated and find their own clearing prices.
* Options market data suggests largest players want exposure to increased #volatility, signaling a potential shift to a bull market for crypto and #BTC.
* Sentiment has already changed over the past 5 months, with many indicators showing it is a generational buying opportunity.
* #Stablecoins have stabilized after outflows but volume needs to pick up again to confirm renewed liquidity and confidence in crypto markets.
* Volatility indexes breaking out of low ranges suggest players want exposure to increased volatility going forward.
* #Options open interest hitting 19 month highs shows 'smart money' positioning for further gains.
* #Bitcoin's halving in April 2024 coincides with less correlation to macro, setting up for massive gains as it runs unfettered.
* Near term consolidation is likely but any dip will be heavily bought, with sentiment poised to further strengthen bullish conviction into 2024 Ben Lilly’s writings on the future of crypto money. https://espresso.jlabsdigital.com/posts/ZWw7-VJFr2IBL50OWyw3E
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Disclosure Statement
This content is for entertainment purposes only. Nothing shared during this broadcast is or should be considered financial advice. The views and thoughts shared here are simply opinions. Do your own research and consult a registered financial advisor before making any investments.
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