Bitcoin Bulletin: (Feb 2021) healthy trading despite speculative phase

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In the 2021 outlook, we said that the year ahead “will be a wilder ride than 2020…” Well, it has not disappointed thus far! The market is clearly speculative in nature, but investors need to get comfortable with the speculative nature of global financial markets. In this note, we update a few indicators and touch on recent news items to get a feel for the phase on the bull-market. I don’t see anything that changes my opinion that the bull market will continue into Q4 2021. Each individual needs to manage their risks judiciously, but I’m not taking risk off the table yet. [10-minute read]Full article HERE.

Key points:

• Nerves after a baby correction?

• Pent-up demand on dips

• Tesla blows open institutional FOMO

• Retail interest has emerged buy not extreme

• Grayscale premium challenged by an ETF

• Exchange balances falling into cold storage

Good luck out there.

As always, let me know if there are any questions.