<\/p>\n
Popular trader and economist Alex Kr\u00fcger says he\u2019s currently \u201cmax long\u201d on the crypto market.<\/p>\n
Kr\u00fcger tells<\/a> his 173,800 followers on the social media platform X that he\u2019s hedged and unhedged multiple times but he\u2019s now max long in \u201cvery concentrated positions.\u201d<\/p>\n The economist notes that he\u2019s looking to \u201cde-risk\u201d soon. However, he acknowledges that Bitcoin (BTC<\/a>) could drop as low as $52,000 after plunging below $59,000. BTC is trading at $57,093 at time of writing and is down more than 4.5% in the past 24 hours.<\/p>\n Explains Kr\u00fcger,<\/p>\n \u201cI\u2019m not immune to bear raids. My bigger picture view has not changed: new ATHs later in the year (for Bitcoin). End-of-cycle views make little sense to me. A correction was to be expected.\u201d\u00a0<\/em><\/p>\n The economist also notes<\/a> that he has positions in the layer-1 blockchains Solana (SOL<\/a>), Toncoin (TON<\/a>), Aptos (APT<\/a>) and Core (CORE<\/a>), as well as the\u00a0decentralized data storage protocol Arweave (AR<\/a>) and Bittensor (TAO<\/a>), a decentralized blockchain platform that focuses on machine learning and AI.<\/p>\n Kr\u00fcger adds that APT, CORE, AR and TAO are \u201cmuch higher risk\u201d than SOL and TON.<\/p>\n The economist also notes<\/a> that Bitcoin had a bearish response to Wednesday\u2019s U.S. Federal Open Market Committee (FOMC) statement.<\/p>\n \u201cVery rare for price to reverse in full right after the press conference is over. And bearish, as the FOMC was dovish. And now you have trapped intraday longs. The one silver lining is BTC is trading in line with equities.\u201d<\/em><\/p>\n Don’t Miss a Beat \u2013 Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em>  <\/p>\n Generated Image: Midjourney<\/em><\/span><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":" Popular trader and economist Alex Kr\u00fcger says he\u2019s currently \u201cmax long\u201d on the crypto market. Kr\u00fcger tells his 173,800 followers on the social media platform X that he\u2019s hedged and unhedged multiple times but he\u2019s now max long in \u201cvery concentrated positions.\u201d The economist notes that he\u2019s looking to \u201cde-risk\u201d soon. However, he acknowledges that […]<\/p>\n","protected":false},"author":2,"featured_media":294673,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-294672","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/294672","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=294672"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/294672\/revisions"}],"predecessor-version":[{"id":294679,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/294672\/revisions\/294679"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/294673"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=294672"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=294672"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=294672"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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