Crypto commentators say there is “not much alpha in chasing alts” right now, but are eyeing the possibility of Bitcoin retesting $99,000.
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A “substantial bull market” is needed to avoid VC funds drying up after too much money was allocated to funds “clearly underperforming benchmarks,” a crypto analyst says.
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Bitcoin traders are targeting $68,000, provided Bitcoin can firmly hang onto $64,000, a level it has struggled to hold above since first reclaiming it 20 days ago.
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Bitcoin technical indicators are “improving” — meaning a short squeeze may be “inevitable,” according to crypto analysts.
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The Bitcoin funding rate and 3-month annualized basis rates are moving to levels that signal to traders it may just be the “calm before the storm.”
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