FTX crisis leads to record inflows into short-investment products
Believers in Bitcoin as a sound money alternative to the current monetary regime have used the latest market collapse to accumulate more BTC. But, for some institutional investors, the FTX collapse has triggered a new shorting opportunity. According to CoinShares, 75% of institutional crypto investments last week went to short investment products. In other words, they’re betting that Bitcoin and other crypto assets will see a further decline in price. BTC has already plunged to around $15,500...
FTX crisis leads to record inflows into short-investment products
Believers in Bitcoin as a sound money alternative to the current monetary regime have used the latest market collapse to accumulate more BTC. But, for some institutional investors, the FTX collapse has triggered a new shorting opportunity. According to CoinShares, 75% of institutional crypto investments last week went to short investment products. In other words, they’re betting that Bitcoin and other crypto assets will see a further decline in price. BTC has already plunged to around $15,500...
