Update: Bitcoin, Crypto and Digital Currencies
Comment of the Day

June 11 2021

Commentary by Eoin Treacy

Update: Bitcoin, Crypto and Digital Currencies

Thanks to a subscriber for this report from Morgan Stanley which may be of interest to subscribers. Here is a section:

Eoin Treacy's view

A link to the full report is posted in the Subcsriber's Area. 

Leverage is a major component in any momentum move. It also tends to trend higher in line with prices as paper gains collateralise additional new position sizes. That inevitably raises the average purchase price and greatly increases the sensitivity of traders to even modest setbacks. The net result is that leverage trends higher but can just as easily evaporate as prices decline.

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