Wall Street killed Bitcoin’s wild rallies: 10x’s Markus Thielen
Markus Thielen sees Bitcoin reaching $90,000 by year-end, questions institutional ETF demand and says Ethereum must do more for holders.
Markus Thielen sees Bitcoin reaching $90,000 by year-end, questions institutional ETF demand and says Ethereum must do more for holders.
Bitcoin’s days of consecutive double-digit price surges are over as Wall Street traders and profit-taking whales reshape the market, according to 10x Research founder Markus Thielen.
Institutional traders selling call options after rallies have made Bitcoin’s violent price explosions of earlier years less common, Thielen says in the latest episode of Cointelegraph’s Trade Secrets.
Bitcoin has already been trading in that range, falling to about $76,100 on Friday following Binance’s $6.3 billion hack. BTC finished October down 7.3%, according to Coinglass.