Benson Sun, a notable crypto influencer and former FTX community partner, has identified multiple bottom-forming signals in the cryptocurrency market. Sun shared on social media that his quantitative long positions, previously stopped out at $90,000, have resumed. He anticipates the current price range will establish a broad consolidation zone, ideal for quantitative strategies to exploit short-term market fluctuations.
Sun believes the market has already absorbed the negative impact of MicroStrategy's removal from the index, equating the recent price drop to the event's occurrence. He continues to hold his long position with an average cost of $81,500, intending to maintain it until market liquidity diminishes.
Benson Sun Identifies Bottom Signals as Market Adjusts to MSTR Index Removal
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