Hedge funds are currently shorting Bitcoin at record levels, indicating a hyper-bearish stance towards the cryptocurrency. Data from the US Commodity Futures Trading Commission (CFTC) reveals that hedge funds, particularly those using leverage, have accumulated record-breaking short positions in the Chicago Mercantile Exchange's (CME) $BTC futures. This trend raises questions about potential market impacts, drawing parallels to the GameStop squeeze scenario.
NEW: Hedge Funds have taken #Bitcoin short positions at record levels. Activate: MeltFaces.exe 🔥 🫡@zerohedge https://t.co/9GCA4qyBTn
Idiots. #HedgeFunds Hold Record Bearish #Bitcoin Bets, Data Show https://t.co/EQkeDKsasg via @coindesk
NEW: Hedge funds currently hold a record number of short positions on #Bitcoin futures contracts 😮 Are we setting up for the next Game Stop-esque squeeze? 👀 https://t.co/F9DOE9iZz4
🚨 Hedge funds are currently holding record bearish positions on Bitcoin, leveraging short futures to anticipate or hedge against potential price drops. https://t.co/q5d8Vv8MIU
HEDGE FUNDS ARE BETTING ON BITCOIN’S DOWNFALL - According to data from the US CFTC, hedge funds are hyper-bearish towards #Bitcoin. - Hedge funds that operate using leverage have racked up record-breaking short positions in the CME’s $BTC futures, data shows. - The CFTC… https://t.co/NVVcerPPhO https://t.co/n4VySZ8xwN
JUST IN: BEARISH #BITCOIN BETS HIT RECORD HIGHS AMONGST HEDGE FUNDS
Hedge funds are shorting #Bitcoin at record levels Remember what happened to GameStop? https://t.co/ihbq0dzcuW