Cryptogenie
06-05 08:42

The OTHERS/BTC 1W downtrend has broken for the first time in 4 months

ALTCOINS are starting to gain strength against Bitcoin(null)  

Bitcoin New Low, Strategy Sells: Hedge or Buy the Dip?
Bitcoin fell over 5% today, breaking below $62,000 to its lowest level since February and extending its one-week decline to roughly 16%. The selloff was triggered by Michael Saylor's Strategy offloading a significant Bitcoin position, breaking its 'never sell' pledge and severely denting market confidence. Notably, some macro, quant, and cross-asset funds are running pair trades, long AI/semiconductors as the 'strong leg' and short BTC as the 'weak leg.' As AI chips begin to pull back, will you hedge your Bitcoin exposure or buy the dip against the trend?
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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