Huge traders remain super bullish on Bitcoin despite the crypto carnage

Talk of a prolonged crypto winter has many investors worried, so the bullish mood among high-risk professionals stands out. As with conventional markets like stocks, however, the cryptocurrency’s path likely depends on what the Federal Reserve does with US interest rates. And indeed, Cumberland’s customers share this sentiment. “It is very striking that the most common response to both positive and negative catalysts is Fed movement,” according to the report.

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