Summary
- David Shimmer conveyed that the current virtual asset correction is being evaluated as healthy.
- He explained that Bitcoin remains a core asset for institutional investors, and profit-taking is normal.
- Recently, virtual asset futures positions exceeding $1 billion were liquidated, primarily from long positions.
According to CoinDesk, a media outlet specializing in virtual assets (cryptocurrencies), on the 14th (local time), David Shimmer, co-founder of Wave Digital Asset, assessed, "This correction is healthy."
He said, "Bitcoin (BTC) remains a core asset in institutional investors' virtual asset strategies, and it is perfectly normal for profit-taking to occur after a sharp rise."
Joel Kruger, market strategist at LMAX Group, also stated, "Profit-taking activity is not surprising," adding, "The overall market outlook is very positive, and the downtrend will soon come to an end."
Meanwhile, virtual asset futures positions worth over $1 billion have been liquidated in the past 24 hours, most of which were long positions.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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