Umee’s Xu noted that trading volumes are “relatively low” and retail investors are not flocking to the space. “Traders and investors probably need to be preparing for several months of boring market actions, with periods of short-lived rallies that revert back to something of a mean,” he wrote, adding that he does not expect a dramatic rally until next year’s halving, which could coincide with rate cuts. “Cuts could If there’s some breakage that takes place, such as a credit crunch or acceleration of the banking crisis.”
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Author: James Rubin
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