Crypto Market Set for Volatile Weekend as Large Funds Eye Profit Booking
According to insider reports, this weekend is poised to be one of the most volatile for cryptocurrencies. Large funds managing crypto assets are expected to book profits due to concerns about a global recession and ongoing inflation. These macroeconomic factors are likely to prompt large investors to place sell orders, potentially driving Bitcoinâs price down to the $61,000 range or lower.
Retail investors are advised to consider partial profit booking ahead of the anticipated volatility. While long-term prospects for Bitcoin remain optimistic, the short-term outlook appears unstable due to the potential impact of large fund sell-offs.
The looming economic risks, combined with holiday-related profit-taking, are expected to drag prices down. Investors should stay cautious and monitor market developments closely as large funds could dominate trading volumes and impact price trends over the weekend.
In light of the current uncertainty, experts recommend retail participants safeguard gains by partially exiting positions during this period of heightened risk.
