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- GT Airdrop Is Live! 1.92M GT Burned in Q2, Worth Over $39M
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Analysts warn: The stock price of a certain platform may be overvalued. It is recommended to go long on BTC and shorting the platform.
[Coin World] 10x Research states that the stock price of a certain platform is rapidly approaching the overvaluation threshold. Analyst Markus Thielen indicates that the platform's fundamentals (mainly the volume) have not kept pace with the rise in stock price, and the stock price is quickly nearing the overvaluation threshold, which is a typical characteristic of a "tactical reversal." He adds that traders looking to profit from this misalignment might consider going long on Bitcoin while shorting the platform, or using options, selling call options on the platform and buying BTC call options, but they should also be aware of the trading risks involved.