Alameda Research: “the fall in the exchange rate allowed us to increase purchases of BTC”

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Quantitative trading firm Alameda Research has seen a significant increase in bitcoin purchases during the recent fall in BTC below $ 30,000.

Alameda Research analysts expect bitcoin to rise, although not 100% sure. According to company trader Sam Trabucco, the BTC purchases were made in accordance with a strategy that relies on three recovery catalysts:

  1. Reduction of negative fundamental background such as news about the ban on mining in China, the sale by investors of shares of Grayscale funds, and so on;

  2. Stock market recovery;

  3. Small liquidations of long positions in the cryptocurrency derivatives market.

“In general, everything pointed to an increase in long positions. And we bought a lot more bitcoins during the decline. We keep buying because there are too many positive factors ”, – wrote Trabucco, while not saying how large the position is now held by the company.

The opinions of participants in the cryptocurrency industry about the near future of bitcoin vary. Thus, Naeem Aslam, senior market analyst at Ava Trade, sees a positive sign in the rapid recovery of the BTC price. At the same time, Jeffrey Wang of Amber Group recalled that Bitcoin is still under pressure.

According to Glassnode analysts, during the fall in the BTC rate below $ 30,000, the first cryptocurrency was sold mainly by new investors – they recorded losses. Older BTC holders continue to hold coins.


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