10x Research CEO: Traders won’t short Bitcoin this weekend as speculation grows that Trump’s speech will push prices higher
Markus Thielen, CEO of 10x Research, wrote in a recent analysis report: "No one wants to short Bitcoin on weekends." He explained that Trump is expected to announce a plan for Bitcoin strategic reserves at the Bitcoin conference on July 27 (if he is elected president in November). Thielen believes that futures traders are not shorting Bitcoin because they are concerned that its price may soar due to this news.
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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