Bitcoin Bulls ‘Under-positioned’ as Trump’s Pressure on Fed Pushes $15B Into ETFs, Analyst Says
The U.S.-listed spot bitcoin exchange-traded funds (ETFs) have attracted billions in investor capital in three months, amid increasing political pressure on the U.S. Federal Reserve (Fed) to cut rates. The relentless flows are now forcing “under-positioned” traders to chase upside through derivatives, reviving the bullish momentum in the cryptocurrency, according to Markus Thielen, founder of … Read more