Bitcoin Suppressed Like Gold? Luke Gromen Says It Can’t Last Forever

Luke Gromen says Bitcoin’s failure to break decisively higher may reflect more than weak spot demand, arguing that paper instruments can temporarily absorb buying pressure in the same way derivatives have shaped the gold market for years.
Speaking with Nathalie Brunell in a June 6 interview, the macro analyst said he has not materially rebuilt the Bitcoin position he previously reduced. “I nibbled a little bit,” Gromen said, but added that he has “not really bought back i