Will Clemente advises investors as Bitcoin consolidates at ATHs
@WClementeIII: Clemente on Bitcoin consolidation
Bitcoin continues its momentum as it consolidates at all-time highs for several weeks.
Crypto analyst Will Clemente highlights that the implied volatility of Bitcoin is nearing historical lows, indicating a calm market environment. Investors might consider this a strategic moment to express directional views with longer-dated options contracts such as calls and puts.
Clemente's observation comes as the market awaits new significant movements in cryptocurrency valuations, providing an opportunity for those looking to take calculated investment steps.
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Clemente’s current outlook on Bitcoin’s volatility emerges alongside his prior analyses of broader macroeconomic dynamics, such as his scrutiny of the sustainability of holding long-term U.S. treasuries at prevailing yield rates. His confidence in maintaining a short position on TLT bonds further underscores an ongoing emphasis on strategic positioning across asset classes amid shifting market conditions.
In the previous news, tweet author Jordan Kerridge discussed BlackRock's innovative strategies in cryptocurrency investments.
