Macro Markets Ep 13 on Cointelegraph Markets & Research: Marcel Pechman explains why Bitcoin and crypto lost 60% of their market cap since their all-time highs.
) are mostly understood as alternative risk assets, that’s how they’ll trade. Consequently, one should not waste time looking for theories explaining why crypto has been unable to break new highs.
That’s similar to what a buyer who paid a much higher price for their crypto is experiencing. Until this person makes the sale, the losses are not concrete. The difference is that the short seller needs to find someone willing to lend those shares to keep the trade open. Lastly, the show debates China’s 5% growth, disappointing investors, and its consequences for the markets. For Pechman, the most important news is China’s reluctance to issue new stimulus packages, which could be a strategy to further weaken the remaining global economies.
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