{"id":559658,"date":"2023-11-08T08:15:42","date_gmt":"2023-11-08T08:15:42","guid":{"rendered":"https:\/\/uniquehot.com\/?p=559658"},"modified":"2024-06-11T12:30:48","modified_gmt":"2024-06-11T12:30:48","slug":"market-makers-bet-big-bitcoin-price-surge","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/market-makers-bet-big-bitcoin-price-surge\/","title":{"rendered":"Market Makers Bet Big On Bitcoin Price Surge: Expert"},"content":{"rendered":"<p>In a series of insightful observations, Adam Cochran, a renowned expert in the field of cryptocurrency and founder of Cinneamhain Ventures, recently shared his analysis on the relationship between Bitcoin price movements and US Treasury auctions. Cochran&#8217;s <a href=\"https:\/\/twitter.com\/adamscochran\/status\/76461180\" target=\"_blank\" rel=\"noopener nofollow\">comments<\/a>, primarily disseminated viaX (formerly known as Twitter), offer a unique perspective on an emerging trend in the market, particularly in relation to traditional financial instruments.<\/p>\n<h2>Bitcoin Price Rises After Each Treasury Auction<\/h2>\n<p>Cochran notes a distinct pattern: &#8220;Some big market maker seems to really care about real rates vs Bitcoin (I guess in anticipation of ETF buyers?). Every time you get a good auction on US treasuries, you&#8217;ve got about 5 min before BTC takes a leg up.&#8221; This observation suggests a correlation between the outcomes of USTreasury auctions and subsequent movements in Bitcoin prices.<\/p>\n<p>The essence of Cochran&#8217;s theory revolves around the concept of real interest rates and their inverse relationship with Bitcoin. Real rates refer to the interest rates adjusted for inflation. In traditional finance, these rates significantly influence investment decisions across various asset classes.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/bitcoin\/bitcoin-price-targets-46000-dxy-kiss-of-death\/\" target=\"_blank\" rel=\"noopener \">Bitcoin Price Targets $46,000 As DXY Receives Kiss Of Death<\/a><\/div>\n<p>Cochran posits that a successful US Treasury auction, which typically indicates lower yields (and hence lower real rates), is quickly followed by a spike in Bitcoin prices. This trend, according to Cochran, is indicative of a market maker betting on large funds allocating to Bitcoin as a hedge against real rates.<\/p>\n<p>This relationship becomes particularly significant in light of discussions around Bitcoin Exchange-Traded Funds (ETFs). According to Bloomberg experts, there is a 90% <a href=\"https:\/\/uniquehot.com\/news\/bitcoin\/bloomberg-spot-bitcoin-etf\/\" target=\"_blank\" rel=\"noopener \">chance<\/a> of a spot Bitcoin ETF receiving approval by the end of the year.<\/p>\n<p>One of the reasons for this is that the US Securities and Exchange Commission (SEC) has been actively <a href=\"https:\/\/uniquehot.com\/bitcoin-news\/analysts-spot-bitcoin-etf\/\" target=\"_blank\" rel=\"noopener \">communicating <\/a>with applicants such as BlackRock and Fidelity in recent weeks, as a result of which amendments to the application have been submitted. The increasing seriousness of these conversations seems to have amplified the correlation, as noted by Cochran: &#8220;Someone is making the bet that large funds will allocate to Bitcoin as a counter to real rates which would be huge.&#8221;<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/altcoins-market-share-bitcoin-4-month-high\/\" target=\"_blank\" rel=\"noopener \">Altcoins Market Share Versus Bitcoin At A 4 Month High: What\u2019s The Trigger?<\/a><\/div>\n<p>Furthermore, Cochran highlights the impact of Bitcoin&#8217;s price movements on the broader financial market: &#8220;The BTC momentum on any upswing is pretty clear, it&#8217;ll suck a lot of momentum out of other parts of the market, because its current catalysts are just on another scale.&#8221;<\/p>\n<h2>Backtest For The Theory Still Pending<\/h2>\n<p>In response to an inquiry about backtesting this theory, Cochran admitted the lack of long-term data but emphasized the recent nature of this trend: &#8220;Hrm, someone probably has that data? I&#8217;ve just been monitoring manually, and the correlation has only been the past few weeks to month, since the ETF convo got serious, so a long dated backtest wouldn&#8217;t hold.&#8221;<\/p>\n<p>This acknowledgment points to the nascent stage of this observed correlation. Nevertheless, Cochran&#8217;s insights offer a compelling narrative linking traditional financial markets with Bitcoin. As the conversation around Bitcoin ETFs gains momentum, these observations could become increasingly relevant, offering valuable insights for investors.<\/p>\n<p>At press time, Bitcoin traded at $35,278.<\/p>\n<figure id=\"attachment_559671\" aria-describedby=\"caption-attachment-559671\" style=\"width: 3628px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-559671 size-full\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/11\/BTCUSD_2023-11-08_08-52-30.png?resize=3628%2C1673\" alt=\"Bitcoin price\" width=\"3628\" height=\"1673\" srcset=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/11\/BTCUSD_2023-11-08_08-52-30.png?w=3628 3628w, https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/11\/BTCUSD_2023-11-08_08-52-30.png?w=460 460w, https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/11\/BTCUSD_2023-11-08_08-52-30.png?w=768 768w, https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/11\/BTCUSD_2023-11-08_08-52-30.png?w=860 860w, https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/11\/BTCUSD_2023-11-08_08-52-30.png?w=1536 1536w, https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/11\/BTCUSD_2023-11-08_08-52-30.png?w=2048 2048w, https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/11\/BTCUSD_2023-11-08_08-52-30.png?w=750 750w, https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/11\/BTCUSD_2023-11-08_08-52-30.png?w=1140 1140w, https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/11\/BTCUSD_2023-11-08_08-52-30.png?w=3000 3000w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><figcaption id=\"caption-attachment-559671\" class=\"wp-caption-text\">BTC bull pennant still in play, 1-day chart | Source: <a href=\"https:\/\/www.tradingview.com\/x\/3eUDamo8\/\" target=\"_blank\" rel=\"noopener nofollow\">BTCUSD on TradingView.com<\/a><\/figcaption><\/figure>\n<div class=\"disclaimer-shortcode\">Featured image from Shutterstock, chart from TradingView.com<\/div>\n","protected":false},"excerpt":{"rendered":"<p>In a series of insightful observations, Adam Cochran, a renowned expert in the field of cryptocurrency and founder of Cinneamhain Ventures, recently shared his analysis on the relationship between Bitcoin price movements and US Treasury auctions. Cochran&#8217;s comments, primarily disseminated viaX (formerly known as Twitter), offer a unique perspective on an emerging trend in the market, particularly in relation to traditional financial instruments. Bitcoin Price Rises After Each Treasury Auction Cochran notes a distinct pattern: &#8220;Some big market maker seems to really care about real rates vs Bitcoin (I guess in anticipation of ETF buyers?). Every time you get a good auction on US treasuries, you&#8217;ve got about 5 min before BTC takes a leg up.&#8221; This observation suggests a correlation between the outcomes of USTreasury auctions and subsequent movements in Bitcoin prices. The essence of Cochran&#8217;s theory revolves around the concept of real interest rates and their inverse relationship with Bitcoin. Real rates refer to the interest rates adjusted for inflation. In traditional finance, these rates significantly influence investment decisions across various asset classes. Related Reading: Bitcoin Price Targets $46,000 As DXY Receives Kiss Of Death Cochran posits that a successful US Treasury auction, which typically indicates lower yields (and hence lower real rates), is quickly followed by a spike in Bitcoin prices. This trend, according to Cochran, is indicative of a market maker betting on large funds allocating to Bitcoin as a hedge against real rates. This relationship becomes particularly significant in light of discussions around Bitcoin Exchange-Traded Funds (ETFs). According to Bloomberg experts, there is a 90% chance of a spot Bitcoin ETF receiving approval by the end of the year. One of the reasons for this is that the US Securities and Exchange Commission (SEC) has been actively communicating with applicants such as BlackRock and Fidelity in recent weeks, as a result of which amendments to the application have been submitted. The increasing seriousness of these conversations seems to have amplified the correlation, as noted by Cochran: &#8220;Someone is making the bet that large funds will allocate to Bitcoin as a counter to real rates which would be huge.&#8221; Related Reading: Altcoins Market Share Versus Bitcoin At A 4 Month High: What\u2019s The Trigger? Furthermore, Cochran highlights the impact of Bitcoin&#8217;s price movements on the broader financial market: &#8220;The BTC momentum on any upswing is pretty clear, it&#8217;ll suck a lot of momentum out of other parts of the market, because its current catalysts are just on another scale.&#8221; Backtest For The Theory Still Pending In response to an inquiry about backtesting this theory, Cochran admitted the lack of long-term data but emphasized the recent nature of this trend: &#8220;Hrm, someone probably has that data? I&#8217;ve just been monitoring manually, and the correlation has only been the past few weeks to month, since the ETF convo got serious, so a long dated backtest wouldn&#8217;t hold.&#8221; This acknowledgment points to the nascent stage of this observed correlation. Nevertheless, Cochran&#8217;s insights offer a compelling narrative linking traditional financial markets with Bitcoin. As the conversation around Bitcoin ETFs gains momentum, these observations could become increasingly relevant, offering valuable insights for investors. At press time, Bitcoin traded at $35,278. Featured image from Shutterstock, chart from TradingView.com<\/p>\n","protected":false},"author":571,"featured_media":559663,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[89460,428,5794,679,1119,1122],"class_list":["post-559658","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-adam-cochran","tag-bitcoin","tag-bitcoin-market-maker","tag-bitcoin-price","tag-btc","tag-btc-price"],"acf":[],"yoast_head":"\n<title>Market Makers Bet Big On Bitcoin Price Surge: Expert<\/title>\n<meta name=\"description\" content=\"Adam Cochran recently shared his analysis on the relationship between Bitcoin price movements and US Treasury auctions.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link 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Through his extensive work with uniquehot.com and Bitcoinist.com, Jake has become a trusted voice in the crypto community, guiding newcomers and seasoned enthusiasts alike towards a deeper understanding of this dynamic field. His mission is simple yet profound: to demystify Bitcoin and cryptocurrencies and make them accessible to everyone. With a professional career in the Bitcoin and crypto scene that began right after graduating with a degree in Information Systems in 2017, Jake has immersed himself in the industry. Jake joined the NewsBTC Group in late 2022. His educational background provides him with the technical prowess and analytical skills necessary to dissect complex topics and present them in an understandable format. Whether you are a casual reader curious about Bitcoin or an investor seeking to navigate the latest market trends, Jake\u2019s insights offer valuable perspectives that bridge the gap between complex technology and everyday usage. 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Through his extensive work with uniquehot.com and Bitcoinist.com, Jake has become a trusted voice in the crypto community, guiding newcomers and seasoned enthusiasts alike towards a deeper understanding of this dynamic field. His mission is simple yet profound: to demystify Bitcoin and cryptocurrencies and make them accessible to everyone. With a professional career in the Bitcoin and crypto scene that began right after graduating with a degree in Information Systems in 2017, Jake has immersed himself in the industry. Jake joined the NewsBTC Group in late 2022. His educational background provides him with the technical prowess and analytical skills necessary to dissect complex topics and present them in an understandable format. Whether you are a casual reader curious about Bitcoin or an investor seeking to navigate the latest market trends, Jake\u2019s insights offer valuable perspectives that bridge the gap between complex technology and everyday usage. Jake is not just a reporter on technological trends; he is a firm believer in the transformative potential of Bitcoin over traditional fiat currencies. To him, the current financial system is on the brink of chaos, propelled by unchecked government actions and flawed Keynesian economic policies. Drawing from the principles of the Austrian school of economics, Jake views Bitcoin not merely as a digital asset but as a crucial step towards rectifying a failing monetary system. His libertarian views reinforce his stance that just as the church was separated from the state, so too should money be freed from governmental control. For Jake, Bitcoin represents more than just an investment; it's a peaceful revolution. He envisions a future where Bitcoin fosters a sustainable and responsible financial framework for generations to come. His advocacy is not about opposition but about evolution, about laying the groundwork for a system that prioritizes transparency and equity over secrecy and inequality. As a journalist, Jake\u2019s articles are crafted with the precision of a scholar and the passion of a true believer. He provides not only news but also thoughtful analysis that connects the dots between daily developments and larger economic theories. His work is a beacon for those lost in the technical jargon often associated with crypto discussions, illuminating the practical implications and benefits of these technologies. In summary, Jake Simmons is not just reporting on a revolution; he wants to be part of it, fully committed to enhancing public understanding and adoption of Bitcoin and cryptocurrencies. His work is more than just a collection of articles; it\u2019s a resource, a guide, and a companion for anyone ready to explore the potential of this digital frontier. Whether you are taking your first steps into crypto or are a veteran looking to stay on top of the latest trends, Jake\u2019s insights provide clarity and foresight in an often unpredictable industry. Join him on this journey to reshape the world of finance, one post at a time. 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