-
@ Cointelegraph - by layer3.news
2025-02-25 06:13:27
nostr:nprofile1qy3hwumn8ghj7un9d3shjtt5v4ehgmn9wshxkwrn9ekxz7t9wgejumn9waesqgqgmrh9naksuzyn3qkcx74f7fzyv5c3t26tk4rytzlpnjg94aukqvlwfga6
✍️ Large hedge funds are unwinding their positions in US Bitcoin exchange-traded funds, which could lead to a significant sell-off in Bitcoin, according to BitMEX co-founder Arthur Hayes.
👉 Large hedge funds are unwinding their positions in US Bitcoin exchange-traded funds
👉 These funds are currently in profit and will sell their ETF shares and buy back short CME futures
👉 This could create a feedback loop where more funds rush to exit their positions, exacerbating the price decline
👉 Bitcoin could fall to $70,000 if these funds sell their ETF shares and buy back short CME futures
#ArthurHayes #MarkusThielen #technology
nostr:nevent1qvzqqqqqqypzqzxcaevld58q3yug9kph420jg3r9xy26kja4gezchcvujpd009srqy3hwumn8ghj7un9d3shjtt5v4ehgmn9wshxkwrn9ekxz7t9wgejumn9waesqgzqfge868dhdvx3lx7dp7y5fhx52vvrwqx4ltjyc27thurrj5mk5s7zd455