Bitcoin

<ul class="news-points"> 
 <li><strong>Thorn revealed bullish narratives and positive fundamentals are emerging for BTC.</strong></li> 
 <li><strong>Thorn did note that there has been a drop in BTC’s on-chain liquidity.</strong></li> 
 <li><strong>BTC’s price might rise before long-term holders profit, based on on-chain data.</strong></li> 
</ul> 
<p>Alex Thorn, the head of Firmwide Research, revealed in a series of X (formerly Twitter) posts yesterday that bullish narratives and positive fundamentals are emerging for <a href="https://coinedition.com/tag/bitcoin-btc-news/">Bitcoin (BTC)</a>. According to Thorn, the price of BTC could explode in the short term as a “gamma squeeze” has popped up.</p> 
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   <p lang="en" dir="ltr">the <a href="https://twitter.com/hashtag/bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#bitcoin</a> gamma squeeze from last week could happen again <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f440.png" alt="👀" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br>if BTCUSD moves higher to $35,750-36k, options dealers will need to buy $20m in spot BTC for every 1% upside move, which could cause explosiveness if we begin to move up towards those levels<br><br>more <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f447.png" alt="👇" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/OA9tJ0ZaK9" target="_blank" rel="nofollow">pic.twitter.com/OA9tJ0ZaK9</a></p>— Alex Thorn (@intangiblecoins) <a href="https://twitter.com/intangiblecoins/status/1718789234398556416?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">October 30, 2023</a>
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<p>He anticipated that BTC could enter into a strong move soon if it climbs higher to between $35,750-$36K, as this will force options dealers to buy $20 million worth of BTC in the spot market for every 1% upside move. Thorn explained that dealers need to perform buy-spot trades to stay delta-neutral when the m…</p>
<p>The post <a rel="nofollow" href="https://coinedition.com/btc-gearing-up-for-the-next-bull-run-as-pre-rally-patterns-emerge/">BTC Gearing Up for the Next Bull Run as Pre-rally Patterns Emerge</a> appeared first on <a rel="nofollow" href="https://coinedition.com">Coin Edition</a>.</p>

BTC Gearing Up for the Next Bull Run as Pre-rally Patterns Emerge

Coin Edition

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