Bitcoin Recovers Above $20K as Short ETF Sees Record $51M in Weekly Inflows
A ProShares product to bet against rising bitcoin prices saw millions of dollars in inflows last week. Original Source
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Institutional Investors Remain Bearish As Short Bitcoin Sees Record Inflows
Bearish sentiment toward Bitcoin among institutional investors has been gaining ground in recent months. This was propelled even further by the crash that rocked the digital asset back in mid-June. Since then, bitcoin has struggled to keep its head above the $20,000 level, and as it continues to fail, bearish
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Bitcoin Could Collapse Another 50%, Says Michael “Big Short” Burry
Former hedge fund manager Michael Burry made another bearish prediction for Bitcoin and traditional equities. Renowned for his short position which preceded the U.S. housing market crash, and one of the periods in recent economic history for the world, Burry believes more pain for BTC’s price is ahead. Related Reading | Shiba
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Bitcoin, Ether Futures Rack up Nearly $200M in Liquidations on Short Squeeze
On Thursday, bitcoin dipped under the $20,000 amid a broader fall in Eurasian markets, recovered over that level, and then fell to as low as $18,650 in U.S. evening hours. A short squeeze then saw bitcoin touch over $20,900 in early Asian hours on Friday, which was then followed by
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CME Net Short Exposure Reaches ATH: Institutions Bearish on Ethereum
Ethereum has seen some selling pressure today and has rolled back on a portion of its gains. The cryptocurrency was bouncing back from below the $1,000 levels but has found hurdles on lower timeframes. Related Reading | Outflows Rock Bitcoin As Institutional Investors Pull The Plug, More Downside Coming? At the time of
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Tether CTO Highlights a Coordinated Attack by Hedge Funds to Short USDT, Reiterates the Stablecoin is 100% Backed
Summary: Tether’s CTO, Paolo Ardoino, has identified a coordinated attack on USDT by traditional hedge funds shorting the stablecoin. According to Mr. Ardoino, the attack involves a new wave of FUD, trolling, clowns, and more. Mr. Ardoino has reiterated that Tether is 100% backed by reserves. He also added that Tether is phasing out
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Crypto Hedge Funds, Traders Short Tether After UST’s Implosion: Report
The positions are worth at least “hundreds of millions” of dollars in notional value, one trader said. Original Source
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Market Wrap: From GBTC Discount to Short Bitcoin ETF, Traders See Reasons for Optimism
It's hard to imagine that data showing traders piling into a trade designed to profit from further bitcoin price declines might be bullish, but that's how some analysts are interpreting the signal. Original Source
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Investors Pile Into Short Bitcoin ETF Betting on Prices to Fall
Investors have piled into a recently launched bitcoin exchange-traded fund (ETF) that's designed to profit from price declines in the cryptocurrency – to the extent that the vehicle is now the second-largest bitcoin-focused ETF in the U.S. market after just a few trading days. Source
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Bitcoin Perpetual Open Interest Suggests Short Squeeze Led To Crash
The Bitcoin crash of last week was a brutal one for the market. It saw the digital asset lose its footing from where it had been trending just below $30,000 to crash to the mid $17,000s before a recovery had begun. With the new week, the market had started to
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