ETC Group Research Director: The halving event may not really affect the market until 100 days later
ETC Group Research Director André Dragosch said that last week the global cryptocurrency hedge fund beta value saw a sharp downturn and reversal, with long positions in Bitcoin contracts dominating. However, cryptocurrency assets have rebounded from losses caused by geopolitical tensions during the Bitcoin halving period.
André Dragosch believes that any positive impact related to the Bitcoin halving has not yet been reflected in the market, and such effects may take about 100 days to begin to emerge after the halving occurs, as the supply shortage caused by the halving will only accumulate over time. (The Block)
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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