Bitcoin price could capitulate despite Brevan Howard Asset Management and Tudor Investment Corp's expansion of the portfolio.
The rising geopolitical tension and the escalating crisis due to the Russo-Ukrainian war negatively impacted investors' risk appetite for equities and crypto. This has fueled a bearish narrative for Bitcoin price; the asset plunged below $40,000.
Interestingly, based on data from datamish, a crypto intelligence platform, on March 11, 2022, large investors have borrowed over 1,500 BTC for funding short positions. A total of 3,603 BTC have been lent to investors. Historically, a rise in funding of short positions is followed by a massive drop in the asset's price.
Bitcoin shorts
Analysts have evaluated the Bitcoin price trend and predicted a drop in the asset's price. FXStreet analysts believe that despite the recent rebound in Bitcoin price, the downside risk in the asset persists. Bitcoin price could plunge, after the recent recovery.
Analysts noted that Bitcoin price formed bottom between $38,000 and $38,500 level. The asset has confirmed the first bearish Ichimoku breakout since December 4, 2021. The indicator has typically triggered big sell-offs in the past. Analysts believe that the lack of follow-through indicates the possibility of a recovery in Bitcoin price.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
0 Comments
Hello bitcoin tecnology