Hedge funds are betting on a big btc pullback. So, when retail investors pumped the price of the stocks, these funds were forced to cover their shorts, leading to a short squeeze. Short selling bitcoin can create significant profit potential by using leverage to borrow more money;
Bloomberg And As Shorts Were Squeezed Drastically, Hedge Funds…
Mitchell nicholson, a cryptocurrency analyst, said: Currently, the position in biti is small, at around $15 million. Bitcoins are issued and managed without any central authority whatsoever:
According To The Cftc’s Latest Traders In Financial Futures Report The Net Short Position In Bitcoin Futures Is Now The Biggest It Has Ever Been—Making The Market More Attractive To Groups Like Wsb For A.
The latest data from the chicago mercantile exchange (cme) reveals that hedge funds are twice more short than long on bitcoin futures. He has written that the grayscale crypto investment fund has bought more btc than has been generated by miners since may 11 (when a programmed supply cut took place) through. They could be interested to know that hedge funds have taken short positions against bitcoin as well.
They Now Have More Short Exposure To Btc Than Ever Before, Which Indicates That They Are Betting On A Strong Correction, As One Data Aggregator Noted:
By zerohedge friday, january 29, 2021. If you choose to invest in these hedge funds, be sure to only risk money you can afford to lose. If you have followed the story of amc and gamestop, you would know that hedge funds had huge short positions on these names.
Hedge Funds About To Short Bitcoin And Get Rekt.
According to the latest commitment of traders (cot) report from the cme, hedge funds are widely flipping short on bitcoin. There were 7,991 shorts contracts by hedge funds as of this tuesday according to the commodities futures exchanges commission (cftc) which finalized the data on friday. For context, it was up 49% in the entirety of 2020, one of its greatest years ever.