{"id":382301,"date":"2019-05-15T10:00:11","date_gmt":"2019-05-15T10:00:11","guid":{"rendered":"https:\/\/ktsl888.com\/?p=382301"},"modified":"2024-06-11T13:39:54","modified_gmt":"2024-06-11T13:39:54","slug":"after-institutions-drive-bitcoin-to-8000-will-retail-investors-fomo-in","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/after-institutions-drive-bitcoin-to-8000-will-retail-investors-fomo-in\/","title":{"rendered":"After Institutions Drive Bitcoin To $8,000, Will Retail Investors FOMO in?"},"content":{"rendered":"

It isn’t a secret that Bitcoin (BTC)<\/a> has absolutely surged over the past six weeks. In that time period, the crypto asset rallied from a key resistance at $4,200 to $8,100, where it resides now. While such a move was covered incessantly by mainstream media outlets, little evidence indicated that consumers, who were likely still reeling in shock from Bitcoin’s $20,000 to $3,150 plunge, were taking notice.<\/p>\n

Institutions Drove Bitcoin To $8,000<\/strong><\/h2>\n
Well, according to prominent researcher Alex Kr\u00fcger, institutions, insiders, and what we call “whales” were behind this recent move, which brought BTC higher by $1,500 in the past week alone.<\/p>\n
In a recent thread posted on Twitter, the analyst remarked that “large players” participating in “systematic buying” was what drove the cryptocurrency market. He looked to “volume, price action, funding, and futures basis and term structure” to come to his conclusion: the move was “not retail driven.”<\/p>\n
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What drove $BTC<\/a> up this week?<\/p>\n
A handful of large players, that started buying in waves. Systematic buying.<\/p>\n
Clues to reach that conclusion can be found in volume, price action, funding, and futures basis and term structure. May expand on this later.<\/p>\n
Not retail driven.<\/p>\n
— Alex Kr\u00fcger (@krugermacro) May 12, 2019<\/a><\/p><\/blockquote>\n