In a Monday newsletter, FundStrat, a global advisory firm, wrote that macro uncertainty could outweigh LFG’s reserve purchases. “Following previous LFG purchases, we witnessed a rise in realized market cap as other [traders] followed LFG’s lead,” the firm wrote. “However, realized market cap has remained flat since this latest purchase, indicating marginally less appetite for buying this weekend’s dip.”
Source: https://www.coindesk.com/markets/2022/04/11/market-wrap-bitcoin-sell-off-deepens-as-correlation-with-stocks-rise/?utm_medium=referral&utm_source=rss&utm_campaign=headlines