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The first short Bitcoin ETF from ProShares got off to a very slow start on its June 21 launch but gathered pace by increasing trading volume 380% on day two.On launch day June 21, the ProShares Bitcoin Short Strategy Exchange-Traded Fund (BITI) traded a lackluster 183,300 shares which ETF analyst
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Investors redeemed a net $5.8 million from short bitcoin funds in the seven days through June 17, the crypto asset manager CoinShares wrote Monday in a report. (A "short" position in financial markets is a bet on a price decline.) At the beginning of the week, assets under management (AUM)
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The price of CEL, the native token of Celsius Network, has almost quadrupled since June 19 in what appears to be a frenzy stirred up by day traders.CEL price short squeezeCEL's price rose from $0.67 on June 19 to $1.59 on June 21, a 180% spike compared to the crypto
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Investment product provider ProShares will tomorrow list the U.S.'s first exchange-traded fund (ETF) allowing investors to bet against the price of bitcoin. Source
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On June 14, discussions of Celsius continued to populate media headlines and June 14's news involved the platform's CEL token accruing massive gains after what appears to either be an exchange glitch or a short-squeeze. CEL price spiked from $0.18 to $1.55 in one abrupt candle before sinking back to
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Terra (LUNA2) reversed a portion of the losses this June 9 as its price per token rose by as much as 67.5% on the day, catching many traders off-guard with their perpetual swap positions.LUNA2 traders are shorting itIn detail, LUNA2's price soared from $2 to as high as $3.58. The
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Ark Invest’s “Bitcoin Monthly” May Report shows fundamentals are stronger than ever for Bitcoin.According to the report, 66% of Bitcoin’s supply has not moved in over a year.Short-term holders appear to have already capitulated, with their positions dropping 35% over breakeven price.The impact of Terra’s UST & Luna collapse on
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Bitcoin is still unable to break above or below its current range. Yesterday, BTC’s price was seeing a trading session in the green until a surge in negative news contributed to an increase in selling pressure. Related Reading | New Study Shows 37% Of People Want Governments To Legalize Bitcoin Traditional markets
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The recent trend for Polygon (MATIC) has followed a negative pattern, raising more concern within the industry. Within the midst of the 2022 extended cryptocurrency market correction, MATIC has a consistent bearish overview. From its value of $2.92 on December 27, 2021, the token has fallen by over 60%. Volatility remains
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Summary: MicroStrategy’s CEO has pointed out that Bitcoin’s short-term volatility is irrelevant once you understand its fundamentals. According to Mr. Saylor, Bitcoin is the most certain thing in a very uncertain world. MicroStrategy CEO and Bitcoin perma-bull Michael Saylor has said that Bitcoin’s near-term volatility should not be a concern. According to Mr. Saylor,
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