Famous Analyst Says No Reason for Bitcoin Bull: But It Could Come Back Sharply! - Coin Bulletin

2025-04-01 07:00:00

Abstract generation in progress

Bitcoin (BTC) experienced an 11% loss in the last quarter, while the market is facing a lack of new catalysts and conditions that cause investors to act with low confidence.

Bitcoin (BTC) experienced a decline, closing the past quarter with an 11% loss. The S&P 500 also suffered its largest loss since the second quarter of 2022. Augustine Fan, head of the insights section at SignalPlus, pointed out the lack of a new catalyst in the market; particularly, the absence of a significant ETF inflow is pushing investors to act with low confidence.

In the market, speculative positions in CME futures for Bitcoin have fallen to their lowest levels in recent years. This indicates a sharp reversal from the bullish market in January. The fan stated, “Position data only reflects market conditions and is not necessarily a tradeable signal.” However, he pointed out that if the current short positions continue for a long time, any bullish reversal could be sudden and strong.

Expectation of short positions continuing for a long time

Fan stated that the catalysts necessary for further rises in the market are currently quite limited. However, considering the existing short positions, he noted that a bull rally could come sharply. This indicates that if a reversal occurs in the market, investors could react quickly.

BTC2,64%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.