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ETC Group Research Director: The halving event may not really affect the market until 100 days later

ETC Group Research Director: The halving event may not really affect the market until 100 days later

MarsBit2024/04/22 11:55
By:MarsBit

According to Mars Finance news, André Dragosch, head of research at ETC Group, said that the beta value of global crypto hedge funds showed a sharp downward reversal last week, and long positions in Bitcoin contracts dominated. But crypto assets have now rebounded from losses triggered by geopolitical tensions during Bitcoin’s halving. André Dragosch believes that any positive effects related to the Bitcoin halving have not yet been reflected in the market, and such effects may not begin to appear until about 100 days after the halving occurs, because the supply shortage caused by the Bitcoin halving will only Accumulated over time.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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