Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnAISquareMore
Willy Woo: From the supply side, the BTC situation has shifted from bearish to neutral

Willy Woo: From the supply side, the BTC situation has shifted from bearish to neutral

Bitget2024/09/02 04:27

Cryptocurrency analyst Willy Woo stated that the sell orders from the German government, Mt.Gox and the U.S. Department of Justice (DOJ) have been gradually absorbed, and PaperBTC bets are declining, which is a good sign. Overall, in terms of supply, the situation has shifted from bearish to neutral.

0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like

Crude oil is "coming back", but refined oil is "not coming back"; the global refining gap is widening.

According to Goldman Sachs, global refined oil exports have declined by about 6 million barrels per day year-on-year, with the Gulf region and Russia contributing three-quarters of the decrease. Unlike crude oil, which can be rerouted, damaged refineries cannot be relocated, and the Gulf region's refined oil exports have only recovered to 40% of pre-war levels. Goldman Sachs expects global refinery utilization rates to recover only by the second half of 2027; based on this, it has more than doubled its forecast for diesel profit margins in 2027.

华尔街见闻2026/08/30 03:01