Strive reports Q3 net profit of $509 million, while BitFuFu and Bitdeer disclose mining data
Institutional activity can generally be interpreted in three ways:
① Allocation: positioning for the year, with less focus on short-term price movements;
② Rebalancing: adjusting allocations, which doesn't necessarily mean a bullish outlook;
③ Arbitrage: short-term trading that can come and go quickly.
This looks more like the first case, providing more of a floor for the price than driving it higher.
$BTC latest: 74855, 24h: -1.36%. It's important to stay informed, but trading decisions should still be made calmly.
#BTC
Crypto assets are highly volatile, so don't take on too large a position.
Institutional activity can generally be interpreted in three ways:
① Allocation: positioning for the year, with less focus on short-term price movements;
② Rebalancing: adjusting allocations, which doesn't necessarily mean a bullish outlook;
③ Arbitrage: short-term trading that can come and go quickly.
This looks more like the first case, providing more of a floor for the price than driving it higher.
$BTC latest: 74855, 24h: -1.36%. It's important to stay informed, but trading decisions should still be made calmly.
#BTC
Crypto assets are highly volatile, so don't take on too large a position.