🚀 **Nansen: It's Time for Bitcoin Investors to Be Brave!** 🚀
- On-chain analytics platform Nansen advises Bitcoin (BTC) investors to adopt a “risk-on” strategy amidst current market conditions. All tactical signals are green, bro!
- According to Nansen's weekly report, the current crypto narrative is positive and increases the chances of higher crypto returns in the near future.
- The "risk-on" strategy means taking greater risks for greater profits. These green signals include a Fed rate cut, Trump's dominance in the polls, and the BTC Momentum metric above the buy threshold.
- The BTC Call-Put spread, which measures the difference in implied volatility of BTC call derivatives compared to puts, is currently between the 10th and 90th percentiles. This indicates that options traders are becoming bullish and demand for calls is increasing.
- Additionally, Bitcoin ETF fund flows increased alongside on-chain fee growth led by Ethereum, most likely due to the launch of the ETF on July 23. Stablecoins have also seen their market capitalization accelerate, showing higher on-chain net inflows.
- Even though there have been several corrections in certain sectors, Nansen remains optimistic. They advise investors to enjoy the crypto rally while managing stop-losses well and keeping options protected for potential downside.
💬 What do you think? Come on, discuss in the comments column!