Raoul Pal believes institutions have finished taking profits as year winds up By Cointelegraph
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Real Vision CEO Raoul Pal believes the recent volatility in Bitcoin’s (BTC) price is due to institutions selling to help shore up their end-of-year profits.
The perennial bull told Vlad from The Stakeborg Talks in a Monday interview that he believes the market is currently lopsided due to the effect of institutions. Pal said that they have been selling to lock in their profits. It was a way for institutions to say, I believe in getting paid.
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Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
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Real Vision CEO Raoul Pal believes the recent volatility in Bitcoin’s (BTC) price is due to institutions selling to help shore up their end-of-year profits.
The perennial bull told Vlad from The Stakeborg Talks in a Monday interview that he believes the market is currently lopsided due to the effect of institutions. Pal said that they have been selling to lock in their profits. It was a way for institutions to say, I believe in getting paid.
Continue Reading on Coin Telegraph
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
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