Hedge funds have largely closed out their Bitcoin basis trades, with CME leveraged funds' net short positions down 89% from their peak. After the news came out, I looked at the fund flows first, then the price.
It doesn't have much to do with the price; it's more like a footnote to the industry's progress.
$BTC is currently at 72612.7 (24h -1.54%).
It doesn't have much to do with the price; it's more like a footnote to the industry's progress.
$BTC is currently at 72612.7 (24h -1.54%).