Jurrien Timmer, director of Fidelity, thinks that the minimum floor will be USD 60,000. Investors show increasingly polarized attitudes towards uncertainty. After a week marked by a slight rebound in price, bitcoin is now at an inflection point. The analyzes show divided positions on the immediate future due to the growth of volatility. Although the leading cryptocurrency slightly overcame the fall that led it to trade in the range of USD 60,000, trading at the close of this edition around USD 69,000, the volatility remains a constant. Such a situation is generating uncertainty among investorsand leads them to polarized attitudes. On the one hand, traders are paying a premium to hold long positions in Bitcoin futures, according to data from CME (preferred in the United States). Although on the other hand there are operators outside the US that they are reducing their positionsespecially on offshore platforms like Deribit. This is indicative of stronger demand for leveraged long exposure among US investors. While the offshore market shows signs of weakening. “The widening spread between CME and Deribit basis acts as a real-time indicator of geographic risk demand,” said NYDIG head of research Greg Cipolaro. This highlights the contrast in behavior of investors. The above highlights the fact that there are bitcoin buyers who are more likely to sell in the face of volatility, as reported by Criptonoticias. Among them are spot buyers and also new investors entering the market. In that sense, the data indicates that the behavior of ETF investors has been different on this occasion. Institutional capital and investors who operate through traditional brokerage accounts now They act as a “strong hand” that absorbs volatilitywithout giving in to the panic that spot buyers may enter.
Analysts focused on volatility
Analyst opinions too vary drastically. Most focus on the topic of volatility to talk about the near future. Some, like Fidelity global head Jurrien Timmer maintain a bullish stance. He argues that “a drop to just $60,000 would be relatively mild for a bitcoin winter.” Timmer thinks that 60,000 is the support zone currently. A floor from which he does not believe he will get off. «As bitcoin matures, its ups and downs should be less drastic. Nobody knows if USD 60,000 will be the minimum, but I think so,» he wrote in
Based on the mathematical harmony of past cycles, which of course does not guarantee future cycles, I believe that any future wave could take us to new highs. Jurrien Timmer, global head of Fidelity.
On the other hand, more cautious analysts warn about macroeconomic risks and possible government regulation. “Persistent inflation, rising interest rates, and geopolitical uncertainty could put pressure on bitcoin.” Amid uncertainty and contradictory predictions, caution generally prevails. While this week’s slight rally has attracted some buyers, trading volume remains relatively low compared to all-time highs. Many retail investors are adopting a “wait and see” strategy, waiting for clearer signals before making major decisions. Institutional investors, for their part, appear to be taking a more strategic approach. Some have taken advantage of the recent volatility to accumulate bitcoin at lower prices. Others have reduced their exposure to the cryptocurrency, seeking refuge in safer assets. Volatility will continue to be a key feature of the marketand investors must be prepared to face both opportunities and risks.
