‘You Should Be Salivating’ – Investor Chris Burniske Says Crypto Market Flashing ‘Sweet’ Setup Heading Into 2025
Venture capitalist Chris Burniske says crypto investors with long-term conviction should be chomping at the bit for entries into the market amid the correction. Burniske, a former analyst at Cathie Wood’s ARK Invest and current partner at Placeholder, says that Bitcoin (BTC) has likely already printed its lows for the bull run, and given that “quality alts” are down significantly, opportunities for the crypto bulls are abound. “Loving where the market is right now. BTC is making PTSD (post-traumatic stress disorder) people fear a precipice when it’s already filled the liquidation wick and fell as far as ~15% from its recent highs. Quality alts are holding or putting in higher lows on a number of important timeframes. Funding rate and sentiment reveal the blood has drained out of late-blooming bulls’ faces. Santa gave relief for a day but didn’t deliver in full. That said, given all the bullish developments of Q4 that are ...