Odaily Planet Daily News, Parataxis’ Edward Chin said, ‘The recent market downturn appears to be investors closing their profits at the end of the year and there is no fundamental factor that triggered this dumping.’ Some investors may be choosing to reduce exposure and take profits due to reduced expectations of a Fed rate cut in 2025. Chris Weston, Research Director at Pepperstone Group, wrote in a report, ‘Technically, caution should be exercised in the short term. This does not mean that we will see a significant decline in prices in the near future, but the momentum of the uptrend has clearly weakened, and buyers have lost their dominance and control over market data.’ (Bloomberg)
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Analist: Son zamanlarda kripto piyasası düşüş yaşadı, temel faktörler değil, yatırımcıların yıl sonu karlarını realize etmeleri gibi nedenler
Odaily Planet Daily News, Parataxis’ Edward Chin said, ‘The recent market downturn appears to be investors closing their profits at the end of the year and there is no fundamental factor that triggered this dumping.’ Some investors may be choosing to reduce exposure and take profits due to reduced expectations of a Fed rate cut in 2025. Chris Weston, Research Director at Pepperstone Group, wrote in a report, ‘Technically, caution should be exercised in the short term. This does not mean that we will see a significant decline in prices in the near future, but the momentum of the uptrend has clearly weakened, and buyers have lost their dominance and control over market data.’ (Bloomberg)