CryptoQuant Research Director: Traders may be positioning ahead of the White House crypto summit, opening new long positions
CryptoQuant Research Director Julio Moreno stated on platform X that traders' behavior has significantly changed since Trump announced the strategic crypto reserve plan: Closing short positions: Traders are covering their shorts, reducing bearish risks. Taking profits: After an initial price increase, some traders chose to take profits and exit. Opening long positions: Some traders may be positioning ahead of the White House crypto summit by opening new long positions.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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