Popular trader and economist Alex Krueger said he is currently “maximum long” in the crypto market.
kruger To tell His 173,800 followers on social media platform
The economist said he was considering “de-risking” in the near term. However, he acknowledged that Bitcoin (BTC) could fall to $52,000 after falling below $59,000. BTC is trading at $57,093 at the time of writing, down over 4.5% in the past 24 hours.
Kruger explains:
“I'm not immune to bear attacks. My overall picture hasn't changed. A new ATH is coming later this year (for Bitcoin). The end-of-cycle view makes little sense to me. The correction was expected.”
economists too Note He holds positions in Layer 1 blockchains Solana (SOL), Toncoin (TON), Aptos (APT), and Core (CORE), as well as decentralized data storage protocols Arweave (AR) and Bittensor (TAO). I have. A blockchain platform focused on machine learning and AI.
Krüger added that APT, CORE, AR and TAO are “much more risky” than SOL and TON.
economists too Note Bitcoin has shown a bearish reaction to Wednesday's Federal Open Market Committee (FOMC) statement.
“It’s very rare for prices to completely reverse right after a press conference ends. It was bearish because the FOMC was dovish. And now you’re locking up intraday longs. The only hope is Bitcoin is trading at the same level as stocks.
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