Unpopular opinion --> We expect stable/rising prices. Setup for Bitcoin and crypto is "less bad" into the weekend = good.
May 28, 2021
STRATEGY: Crypto De-leveraging unlikely this weekend = stable/up pricesFor the past two weekends, Crypto and bitcoin prices tanked with regulatory crackdowns by China being the primary downside catalyst. And because crypto is so visible and potentially linked to equities, these sell-offs put many investors on edge. However, in a break of the pattern, we think odds favor Bitcoin / crypto to be stable/higher over the coming Memorial Day weekend. Why? We think the setup into this weekend is incrementally "less bad" for Bitcoin. And as Tom Luddy, Vice Chairman of J...
