Fidelity Global Macro Director Jurrien Timmer explained the reason when he said he expected the volatility in Bitcoin (BTC) to continue.
Jurrien Timmer social media dated January 22 in the postfocused on the process since spot Bitcoin exchange-traded fund (ETF) applications were approved.
In the past week, futures Bitcoin positions “proxyStating that the mobility in the so-called transactions has increased, the experienced name pointed out that this situation is also reflected in the Bitcoin price.
In his post, Bitcoin futures and Activity on instruments such as stocks sensitive to Bitcoin Emphasizing that it will increase, Timmer said that Volatility in Bitcoin will also increase predicted:
It has been a week since the launch of the 11 spot Bitcoin product. Some “proxy” positions in Bitcoin futures and Bitcoin-sensitive stocks have been resolved, and my guess is that there is more to come on this front. This may indicate that Bitcoin price volatility may continue.
According to CoinGecko data, in the last 24 hours 0.7% Bitcoin, which is on the rise, at the time of writing 40,054 It is traded in dollars.