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Blockchain Bites: Bitcoin Shorts In, MicroStrategy Stock Downgraded, Bitwise Index Trades

Bitso raised $62 million to expand its Latin American footprint. One of the world’s oldest banks will issue a euro stablecoin on the Stellar blockchain. Elliptic, a blockchain analytics firm, found 13% of the proceeds from crime involving bitcoin travel through “privacy wallets.”Top shelfCornered market?Latin American crypto exchange Bitso has

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CME Leveraged Funds Double Down on Shorts as Bitcoin Maintains $19,000

Fresh off of bitcoin’s record high in late November, leverage funds trading bitcoin futures on the Chicago Mercantile Exchange continue adding to their short positions as the leading cryptocurrency trades above $19,000.Update (Dec. 5, 17:38 UTC): This article has been updated to reflect the carry trade possibility for short OI increase

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Pro traders added to shorts as Bitcoin price broke $12K — Data shows

As Bitcoin (BTC) breaks the $12,000 resistance, derivatives markets are flirting with overly excessive bullish sentiment. The futures basis and the options 25% delta skew both reached the same levels seen now on October 12 when BTC briefly tested $11,700 but failed to maintain momentum.What differentiates the current situation from

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‘Shorts will be dead’ — Why Dan Tapiero expects a massive Bitcoin shortage

In recent months, there has been a considerable spike in institutional demand for Bitcoin (BTC) following several high profile investments. Over time, asset manager and 10T Holdings co-founder Dan Tapiero believes this could lead to a problematic shortage in BTC.Alongside investments from Square, MicroStrategy and Stone Ridge, Bitcoin inflows to

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Millions Worth of BitMEX Shorts Liquidated as Bitcoin Surges Towards $10,000

Just minutes ago, Bitcoin made its latest attempt at rallying to $10,000, reaching $9,950 after the close of Sunday’s candle. The cryptocurrency fell short of the key $10,000 price point, since retracing to $9,900.Bitcoin chart from TradingView.comThis move has not sparked much a reaction from the derivatives market, potentially because

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