Justin Sun: The market is seriously underestimating Q-Day’s impact on Bitcoin’s price
Institutional moves can generally be interpreted in three ways:
① Long-term: positioning by quarter, with little attention to intraday price movements;
② Rebalancing: adjusting allocations, which doesn’t necessarily signal a bearish outlook;
③ Arbitrage: short-term trades that come and go quickly.
This move looks more like the first type, providing more support for the price than driving it higher.
$BTC latest: 82108, 24h +0.47%.
#BTC
Institutional moves can generally be interpreted in three ways:
① Long-term: positioning by quarter, with little attention to intraday price movements;
② Rebalancing: adjusting allocations, which doesn’t necessarily signal a bearish outlook;
③ Arbitrage: short-term trades that come and go quickly.
This move looks more like the first type, providing more support for the price than driving it higher.
$BTC latest: 82108, 24h +0.47%.
#BTC