Implications for the Market
The hedge funds’ significant short positions could have several implications for the broader market. Most likely, it can exert downward pressure on prices. As hedge funds sell their Bitcoin futures contracts, it may trigger negative sentiment, causing further price decline.
If their bearish outlook proves accurate, it might signal potential upcoming volatility or a correction in Bitcoin price.
EZ_money OP : even the hedgies smart enough to short this
bitcoin is king EZ_money OP : Oh no.. Whales woke up and shorting btc, bears are buying at 69400??
骠悍勇敢的尤利塞斯 bitcoin is king : just ignore him, he is our beacon.![undefined [undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36)
EZ_money OP : wait for it
EZ_money OP 骠悍勇敢的尤利塞斯 : yeah ignore me and the article Moomoo put out
Kevin Matte bitcoin is king : Bitcoin Fear and Greed index
bitcoin is king 骠悍勇敢的尤利塞斯 : Hi bro, Frankly speaking, EZ Money is a nice guy, if no shorts covering, how btc can pump up to 70k?? BTW, wild guess, the range will be 60k to 71k ti's period, if history of past halving repeats itself..
bitcoin is king EZ_money OP : Inflow now at+15m, moomoo site can be wrong..
bitcoin is king : Bears are buying..
Tonyco : Old money doesn't understand BTC. It's not relevant what they do.
View more comments...