EVERYBODY WANTS TO KNOW - Our Latest Bitcoin Views

Institutional Crypto Research Written by Experts

Author

Markus Thielen
May 16, 2024

👇1-11) Traders expected that Bitcoin would move by +/-6% after the US CPI was released, and this is precisely how much Bitcoin rallied after inflation printed marginally below Wall Street expectations. Our model also predicted this marginally lower inflation number, and despite inflation likely remaining sticky for the following 1-2 prints, the data will materially improve by late summer.

👇2-11) This will remove Bitcoin's downside risk, the overhanging factor during the last two months. Although not every indicator or market structure is supportive, this inflation print has to be interpreted as supportive for risk assets. The ETF buyers in Q1 might not return as the funding rate remains too low, but a new set of wealth advisors might be ready to step in.

Market Updates

Become a paying subscriber of Market Updates to get access to this post and other subscriber-only content.

Already a paying subscriber? Sign In.

Most comprehensive, unbiased digital asset research for traders and institutions:

  • • Receive 2-4 concise, informative Market Updates reports per week.
  • • We cover everything that impacts the price of Bitcoin and other major cryptos, from on-chain data to macro and market structure (funding rates, money flows, etc.). Our insights are trusted by some of the largest hedge funds and traders in the industry.
  • • You'll gain full access to our in-depth 'Market Update' analysis, informed by our experience at leading investment banks like Goldman Sachs, Morgan Stanley, and JP Morgan, as well as managing hedge fund capital at Millennium.
  • • We rigorously backtest our insights and are unafraid to call bullish or bearish market conditions. Our research is unique and grounded in solid financial analysis, offering perspectives you won't find anywhere else.
  • • --------------
  • • Our clients include hedge funds, traders, liquidity providers, exchanges, family offices, proprietary traders, institutions, high-net-worth individuals (HNWIs), CEOs of major listed Bitcoin mining companies, executives from crypto service providers, TradeFi portfolio managers, etc.