Search results for Markus Thielen
Crypto
Bitcoin dominance tops 60 percent as altcoin bottom calls emerge
Bitcoin continues trading above its 7-day and 30-day moving averages and its market dominance has climbed above 60 percent. Markus Thielen, founder of 10x Research, called this a short- to medium-term bullish signal, citing institutional buying and larger corporate treasury holdings. He pointed to the possibility of a U.S. strategic reserve announcement as a key variable. Thielen also said some altcoins appear to be forming a bottom.
Crypto
Bitcoin May outlook clouded by rate and war variables, risk of short-term range
Bitcoin weakened in late April, but May seasonality and continued inflows into U.S.-listed spot bitcoin ETFs are raising the prospect of further gains. Data since 2013 show bitcoin rose in May in 7 of the past 13 years, with an average return of about 8 percent. Still, higher U.S. Treasury yields and geopolitical risks are weighing on risk assets, and analysts see a higher chance of range-bound trading without a liquidity catalyst.
Crypto
Bitcoin buying detected targeting $88,000 despite war fears
Bitcoin showed short-term weakness as geopolitical risks revived risk-off sentiment across global markets, but analysts said market supply-demand and technical indicators still point to a rebound. Strategy expanded its holdings and estimates suggest additional demand this week. U.S.-listed spot bitcoin ETFs posted strong net inflows. Analysts cited continued purchases, supply absorption and oversold signals as limiting downside risk, while rising mining stocks and a higher S&P 500 supported risk appetite.