10X Research's Markus Thielen Says We'll See Amazing BTC Movement This Week
"This week we're going to see an amazing price move for bitcoin," 10X Research founder Markus Thielen said in a report. "Demand is expanding outside of the U.S. and ETFs are seeing strong inflows. We expect to see a new all-time high this week."
The fact that open interest in bitcoin futures on CEX hit a record high of $31 billion on Thursday (local time) could be used as evidence for his claim. "The increase in open interest indicates an increase in open interest in BTC derivatives. This could serve as a warning to leveraged traders and could be seen as a signal of increased volatility."