BTC Performance During US Market Hours Suggests Govt Selling as a Key Factor in Lack of Upside, Keep an Eye on Prediction Markets
Aug 20, 2024
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Macro conditions have been ideal for a rally, yet BTC has struggled to break out, underperforming equities. We suspect government sales of 10k seized BTC are a major contributor to this relative weakness. However, we believe this pressure will ease soon, reducing the short-term bearish outlook. Additionally, we explore shifting trends in the presidential prediction markets.
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Tickers in this video: #BTC
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Why the DOJ Isn’t Market-Selling $6.5B in BTC, and Why Many Are Underestimating the Probability of Pro-Crypto Actions in the First 100 Days
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By Sean Farrell
•
Jan 9, 2025
In today’s video, we discuss last night’s news about the DOJ securing approval to sell $6.5B in BTC and explore why the odds favor positive regulatory and legislative actions for crypto in the post-inauguration period. TICKERS IN THIS VIDEO: BTC -0.11%
