10x Research CEO: Traders will not short Bitcoin this weekend, speculating that Trump's speech will drive up the price
In a recent analysis report, Markus Thielen, CEO of 10x Research, wrote: "No one wants to short Bitcoin on weekends." He explained that Trump is expected to announce plans for Bitcoin strategic reserves at the Bitcoin conference on July 27 (if he is elected president in November). Thielen believes that futures contract traders are not shorting Bitcoin because they worry its price might skyrocket 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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