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Hedge funds are betting big against Bitcoin in the futures markets, possibly looking to profit from elevated funding rates, as the most valuable cryptocurrency continues to trade sideways.
Funds have built up record short positions in Bitcoin futures, according to data shared by zerohedge.
Happy Bitcoin Pizza Day, everyone!
14 years ago, Laszlo Hanyecz, a Floridian programmer, bought 2 Papa John's pizzas for 10,000 $BTC. Today, those pizzas would be valued at $700 million.
13F filings showing a number of the top HedgeFunds trading the US Bitcoin ETF’s
Source: River
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