Fidelity Global Macro Director: Expects BTC sell-off to not last too long
According to Coindesk, although some people in the 05c28337-72b1-4050-b702-7a5a6d3ccb07 predict that Bitcoin may fall recently and find support between $32,000 and $38,000, Fidelity's Global Macro Director Timmer expects the recent gains to be consolidated.
Timmer said that the current trend of Bitcoin prices suggests a short-term positioning adjustment rather than a reversal of long-term trends. There are many participants who "equitize" their future spot positions through futures markets or Bitcoin stocks.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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