Nansen Analysts Recommend: Bullish Crypto Market Requires Risk Investment Strategies
Publication Time:2024-07-29 12:16:08
In their latest weekly report, Nansen analysts have suggested that Bitcoin investors should consider taking on riskier investment strategies. This advice is based on the strong technical indicators observed within the cryptocurrency market as well as the recent increase in cryptocurrency prices. The analysts argue that investors should not overlook the current positive signals, including the expected Federal Reserve rate cuts, President Donald Trump’s lead in public opinion polls, the Call-Put price difference for Bitcoin, and the Bitcoin momentum indicator surpassing the buy threshold. It is worth noting that the Call-Put price difference, which measures the disparity between implied volatility of call and put options for Bitcoin, currently remains within the range of 10% to 90%, indicating that market participants have an optimistic outlook on cryptocurrencies. Last week, the implied volatility in the crypto market saw a significant rise, reaching its highest level since May, reflecting the growing bullish sentiment among option traders. Additionally, there has been an increase in inflows into cryptocurrency spot ETFs, with growth in Ethereum on-chain transaction fees possibly linked to the launch of a Bitcoin ETF on July 23rd. The acceleration in stablecoin market cap suggests an increase in net on-chain inflows. These signs collectively point towards an overall positive atmosphere in the crypto market, providing a basis for investors to adopt more aggressive investment strategies.
Crypto Market
Federal Reserve rate cut
risk investing
Nansen analysis report
Bitcoin investors
technical indicators