HUGE: ๐บ๐ธ $1 Trillion JPMorgan says Bitcoin could pump hard against gold if investors unwind their Bitcoin ETF hedges.
Right now, BlackRock's IBIT ETF has near-record-high short interest and heavy put options, while gold shorts are below average.
This means any short-covering or hedge-closing would trigger an explosive wave of forced Bitcoin buying and send the price higher.
Bullish for $BTC
Right now, BlackRock's IBIT ETF has near-record-high short interest and heavy put options, while gold shorts are below average.
This means any short-covering or hedge-closing would trigger an explosive wave of forced Bitcoin buying and send the price higher.
Bullish for $BTC
