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Insiders: The recent rapid pump in BTC price may experience a short-term pullback in one to two months.

2024-11-21 13:35:41

BTC0.40%

QBX-5.96%

Odaily Planet Daily News The $11.8 billion Options contract expiring on December 27 may trigger a Fluctuation and impact price dynamics. The encryption Options contract is a type of financial Derivatives that allows traders to buy or sell assets at a specific price, but without any mandatory obligations. Gabriele Giancola, CEO of Qiibee, said that a short-term pullback may occur in the near future: "Given the rapid pump in prices recently, a short-term pullback in the next one to two months is possible." But he remains optimistic about the long-term prospects: "That being said, the long-term prospects for BTC remain extremely strong."

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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