© Reuters.
Glassnode’s on-chain data analysis shows that (BTC) investors are hedging their risk in order to stay protected against the US Federal Reserve’s interest rate hikes in March.
Glassnode’s “The On-Chain Week” newsletter from Monday indicates that the most significant trend in Bitcoin at the moment is the flat structure of futures contracts through March. This is strongly attributed to “investor uncertainty regarding the broader economic impact of a tighter US dollar.”
Merged media or anyone involved with Fusion Media will accept no liability for any loss or damage resulting from reliance on the information, including data, quotes, charts and buy/sell signals contained in this website . Please be fully informed of the risks and costs associated with trading in the financial markets, it is one of the riskiest forms of investment possible.