Bitcoin slips under $79,000, Zcash leads losses as Fed hike odds hold near 60%
ARP Digital partner Yusuf Fakhro tells CoinDesk that the fear defining the bear phase has drained from options desks, with long-term holders turning buyers.arp-digital-coindesk-options-desk-sentiment
ARP Digital partner Yusuf Fakhro spoke to CoinDesk on 8 September about positioning on options desks as markets weighed the prospect of a Federal Reserve rate rise.
Fakhro observed that the persistent fear which had characterised the bear phase had drained out of options desks, and noted that long-term holders turned net buyers in late August for the first time during the move. The piece set that against a wider market backdrop of firm Treasury yields, a stronger-than-expected payrolls print, and traders pricing meaningful odds of a hike at the following meeting. Commentary from LMAX Group also featured.
