First Mover Asia: Bitcoin Is Ready for a Consolidation Phase

Good morning. Here’s what’s happening:

Prices: Bitcoin is beginning the week testing $28,000, but a consolidation at $25K is within the realm of possibilities.

Insights: Decentralized derivatives platforms are short of liquidity. What's in store for them?

Prices

1,231.08
+23.4 1.9%
$27,966
+470.9 1.7%
$1,777
+32.2 1.8%
S&P 500 daily close
3,970.99
+22.3 0.6%
Gold
$1,978
−3.7 0.2%
Treasury Yield 10 Years
3.38%
0.0
BTC/ETH prices per CoinDesk Indices; gold is COMEX spot price. Prices as of about 4 p.m. ET

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments