News Block: Why is Bitcoin's Price Sideways? SEC Closes Investigation into ETH, Anti-Tether Campaign Hits Times Square, Fed's Treasury Holdings to Double by 2034
Coin Stories
00:00
Intro
The chapter explores why Bitcoin has been trading sideways despite recent positive news, pointing to selling pressure from long-term holders, miners reducing Bitcoin reserves post-halving, and the basis trade strategy being utilized by traders. Hedge funds are noted to be engaged in the basis trade to benefit from price differences in Bitcoin spot and futures markets.
Transcript
Play full episode
