Crypto veteran Meltem Demirors thinks that starting outlines can be rough for the cryptomarkt.
Demirors, a general partner at the Investment Agency Crucible Capital, out On the social media platform X that there is ‘apathy and complacency everywhere’.
“From Zoomen, BTC volumes are lower than they were before the election, and implicit volatility in option markets is also very depressed-what means a low demand for livered bets on Bitcoin by smart traders.
So, what is the prospects on streams? 2024 Torn in between ETFs (listed funds) and the Trump pump and the ongoing strategy box it was a mega year for inflow. We have GOX moving coins, not really much forced sales pressure, but not much demand either. We will be sideways.
I still think that we still have a lot of pain in this cycle and the results in the future will be binary. Every week there is $ 800 million tokens that unlock. Show me the bid. Let me see liquid funds that have not been performed. No feelings, these are the facts. ‘
Demirors out This week’s crypto market price jump is an “exemption bouncing” driven by retail traders and algorithmic trade advisers (CTAs).
The total crypto market capitalization has risen by more than 4.4% over the past seven days.
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Generated image: midjourney
