Recent discussions in the cryptocurrency market suggest a potential decision point for Bitcoin ($BTC) between pushing for an all-time high or pulling back to $38,500. This could impact miners such as Marathon ($MARA), CleanSpark ($CLSK), and Riot Blockchain ($RIOT). Speculation arises on whether big money is taking a long position on BTC and shorting miners as a hedge, with price action indicating such a trend. Traders express varying opinions, with some leaning towards a pullback due to excessive funding.
i am once again short btc long shitcoins for the 3rd time this week. not a good sign tbh
Been short BTC all morning. I think it rolls here due to excessive funding.
Do you think big money is long $BTC and short miners as a hedge? Price action sure looks like it the last few days. $RIOT $MARA $CLSK https://t.co/MhE4aulusn
Do you think big money is long BTC and short miners as a hedge? Price action sure looks like it the last few days. $RIOT $MARA $CLSK https://t.co/MhE4aulusn
Do you think big money is long BTC and short miners as a hedge? Price action sure looks like it the last few days. https://t.co/MhE4aulusn
$BTC I feel like it's at a decision point here push for all time high or pull back to $38,500 first. Leaning towards the latter. This will affect the miners $MARA $CLSK $RIOT etc. https://t.co/nxa47N3ns7