Veteran Trader Warns Against ‘Aggressive Long’ Positions On Bitcoin, Equities Amid Market Volatility
Posted On December 6, 2024
Seasoned trader and analyst Jason Shapiro reflected on Thursday’s sharp pullback in Bitcoin (CRYPTO: BTC) and the stock market, warning against going “aggressively long” on risk-on assets until year-end.
What Happened: In a video posted on his official YouTube channel, Shapiro said, “I will say something that nobody wants to say and nobody wants to hear, which is, I don’t think from now at least until year-end is a great time to be aggressively long risk assets.”
Shapiro acknowledged the record highs scaled in both markets recently but argued against going long from a risk-to-reward perspective.
“It just …
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