Crypto traders can go long on bitcoin with a tight stop loss under $25,800, says Markus Thielen of Matrixport. He expects falling Treasury yields to boost risk assets, including cryptocurrencies. Matrixport, with $3 billion in assets, is cautiously bullish on bitcoin, opting to buy the recent dip with a tight stop loss. Despite a 10% drop on Aug 15, Thielen anticipates a rally due to lower treasury yields and a tech stock rebound.
We Would Be Long Bitcoin With Tight Stop Loss, Matrixport Says
