BIG MONEY IS REBALANCING.

Schonfeld Advisors reportedly reduced its Bitcoin ETF exposure by 20% in Q2, bringing the position down to around $384 million. A move of this size doesn't automatically mean a bearish outlook, but it shows that institutional investors are actively adjusting exposure as market conditions change.

At the same time, derivatives positioning remains volatile. Short liquidations in ONG and EDGE show that even with institutional selling pressure, leveraged traders can still be caught on the wrong side when momentum suddenly shifts.

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