{"id":612280,"date":"2024-06-10T17:30:33","date_gmt":"2024-06-10T17:30:33","guid":{"rendered":"https:\/\/wncen.com\/?p=612280"},"modified":"2024-06-11T06:58:39","modified_gmt":"2024-06-11T06:58:39","slug":"hedge-funds-heavily-betting-bitcoin-to-fall-strategy-fail","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/hedge-funds-heavily-betting-bitcoin-to-fall-strategy-fail\/","title":{"rendered":"Hedge Funds Heavily Betting For Bitcoin To Fall: Will This Strategy Fail?"},"content":{"rendered":"

Looking at the formation in the daily chart, there is no relief for Bitcoin at spot rates.<\/span> Following the flash crash on June 6, prices reversed sharply from the $72,000 level, further highlighting the significance of the liquidation level. <\/span><\/p>\n

In the past, Bitcoin prices have recoiled from this level, with analysts expecting a short squeeze to print once this line is breached.<\/span><\/p>\n

Hedge Funds Are Short Selling Bitcoin Futures: Will This Strategy Backfire?<\/span><\/h2>\n

Amid this slip, one analyst on X <\/span>notes<\/span><\/a> that hedge funds and Wall Street firms have increasingly taken short positions on Bitcoin futures contracts, expecting BTC prices to plunge. <\/span><\/p>\n

Though they could be net long on the spot market, taking advantage of the fee differential, the trader notes that this strategy is risky. If anything, massive losses could occur should prices unexpectedly spike. <\/span><\/p>\n

Between the current price point and slightly above all-time highs at $74,000, exchange data and trader notes show <\/span>$12 billion worth of short positions on BTC futures. <\/span><\/p>\n

\"Hedge
Hedge funds selling BTC | Source: @olvelez007 via X<\/figcaption><\/figure>\n

This move means that hedge funds are net bearish, and since everyone knows the big boys of Wall Street are shorting, this move could backfire spectacularly.\u00a0\u00a0<\/span><\/p>\n

Even so, hedge funds selling BTC futures are nothing new. Often, hedge funds tend to short the futures of a given product and simultaneously buy the spot markets, taking advantage of the carry trade to profit. <\/span><\/p>\n

Related Reading: Shiba Inu Price Could Skyrocket By 1,100%, Predicts Analyst<\/a><\/div>\n

The problem is that this hedging tactic is popular in traditional finance and has been profitable before. On the other hand, Bitcoin is a new asset class that is outside the traditional finance system. <\/span><\/p>\n

Accordingly, the strategy might not pan out exactly as expected, leading to massive losses.<\/span><\/p>\n

BTC Fragile But Spot ETF Issuers On A Buying Spree<\/span><\/h2>\n

Whether Bitcoin will recover from spot rates remains to be seen. As it is, BTC is under immense selling pressure, dropping from $72,000. <\/span><\/p>\n

\"Bitcoin<\/a>
Bitcoin price trending sideways on the daily chart | Source: BTCUSDT on Binance, TradingView<\/a><\/figcaption><\/figure>\n

Although the uptrend remains, buyers are yet to reverse the June 6 losses, meaning the path of least resistance in the short term is southwards. A break below $66,000 would completely wipe out gains of May 20, signaling a trend shift.<\/span><\/p>\n

Related Reading: Notcoin (NOT) Develops Falling Wedge Triangle: Rally Looms?<\/a><\/div>\n

Still, buyers are upbeat about what lies ahead. Last week, despite the contraction, all spot Bitcoin exchange-traded fund (ETF) issuers in the United States have been on a buying spree. <\/span><\/p>\n

\"Spot
Spot BTC ETF issuers buying | Source: @HODL15Capital via X<\/figcaption><\/figure>\n

According to HODL15 Capital, in the first week of June, they added<\/a> 25,729 Bitcoin. This stash is equivalent to roughly two months’ worth of mined coins<\/a> and is the highest weekly buying activity since mid-March. Then, BTC rose to all-time highs of around $73,800.<\/span><\/p>\n

Feature image from DALLE, chart from TradingView<\/div>\n","protected":false},"excerpt":{"rendered":"

Looking at the formation in the daily chart, there is no relief for Bitcoin at spot rates. Following the flash crash on June 6, prices reversed sharply from the $72,000 level, further highlighting the significance of the liquidation level. In the past, Bitcoin prices have recoiled from this level, with analysts expecting a short squeeze to print once this line is breached. Hedge Funds Are Short Selling Bitcoin Futures: Will This Strategy Backfire? Amid this slip, one analyst on X notes that hedge funds and Wall Street firms have increasingly taken short positions on Bitcoin futures contracts, expecting BTC prices to plunge. Though they could be net long on the spot market, taking advantage of the fee differential, the trader notes that this strategy is risky. If anything, massive losses could occur should prices unexpectedly spike. Between the current price point and slightly above all-time highs at $74,000, exchange data and trader notes show $12 billion worth of short positions on BTC futures. This move means that hedge funds are net bearish, and since everyone knows the big boys of Wall Street are shorting, this move could backfire spectacularly.\u00a0\u00a0 Even so, hedge funds selling BTC futures are nothing new. Often, hedge funds tend to short the futures of a given product and simultaneously buy the spot markets, taking advantage of the carry trade to profit. Related Reading: Shiba Inu Price Could Skyrocket By 1,100%, Predicts Analyst The problem is that this hedging tactic is popular in traditional finance and has been profitable before. On the other hand, Bitcoin is a new asset class that is outside the traditional finance system. Accordingly, the strategy might not pan out exactly as expected, leading to massive losses. BTC Fragile But Spot ETF Issuers On A Buying Spree Whether Bitcoin will recover from spot rates remains to be seen. As it is, BTC is under immense selling pressure, dropping from $72,000. Although the uptrend remains, buyers are yet to reverse the June 6 losses, meaning the path of least resistance in the short term is southwards. A break below $66,000 would completely wipe out gains of May 20, signaling a trend shift. Related Reading: Notcoin (NOT) Develops Falling Wedge Triangle: Rally Looms? Still, buyers are upbeat about what lies ahead. Last week, despite the contraction, all spot Bitcoin exchange-traded fund (ETF) issuers in the United States have been on a buying spree. According to HODL15 Capital, in the first week of June, they added 25,729 Bitcoin. This stash is equivalent to roughly two months’ worth of mined coins and is the highest weekly buying activity since mid-March. Then, BTC rose to all-time highs of around $73,800. Feature image from DALLE, chart from TradingView<\/p>\n","protected":false},"author":384,"featured_media":611624,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,679,1119,1122,78790,89583],"class_list":["post-612280","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-price","tag-btc","tag-btc-price","tag-btcusdt","tag-spot-bitcoin-etfs"],"acf":[],"yoast_head":"\nHedge Funds Heavily Betting For Bitcoin To Fall: Will This Strategy Fail?<\/title>\n<meta name=\"description\" content=\"Bitcoin is under pressure as news emerge that hedge funds are net short on BTC futures amid strong buying pressure among spot ETF issuers\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" 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His specialization in NFTs, blockchain, DeFi, and blockchain news for NewsBTC, combined with a background in mechanical engineering and over a decade of experience in journalism, has allowed him to craft over 10,000 news and feature articles over the past eight years. His diverse range of topics, including technology, Forex, and finance, reflects his comprehensive understanding of the crypto landscape. His technical expertise and analytical skills have been recognized and featured by leading news outlets such as Investing.com, CoinTelegraph, Entrepreneur, Forbes, and other authority sites. Notably, he broke key news, including the Ripple and MoneyGram partnership, cementing his position as a thought leader in crypto. The news exploded. Over 100,000 people devoured this meticulously crafted report, from seasoned investors to curious newcomers. 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The continent still struggles with reliable internet access, and educational campaigns highlighting the benefits of this wonderful solution are insufficient. Moreover, even for those interested, understanding DeFi can look like learning a new language. Dalmas is here to help make the tech easy to understand and digestible, even for beginners. The story of DeFi in Africa is still being written. Challenges abound, but the promise of a more inclusive financial future is a powerful motivator. With innovation and collaboration, Dalmas firmly believes that DeFi could become the key to unlocking Africa's full economic potential. This possibility and its immense value motivate Dalmas to continue breaking key DeFi innovations and more across the globe. His engineering background further enhances his ability to deliver well-thought-out pieces that blend technical insight with clear, impactful reporting. 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His specialization in NFTs, blockchain, DeFi, and blockchain news for NewsBTC, combined with a background in mechanical engineering and over a decade of experience in journalism, has allowed him to craft over 10,000 news and feature articles over the past eight years. His diverse range of topics, including technology, Forex, and finance, reflects his comprehensive understanding of the crypto landscape. His technical expertise and analytical skills have been recognized and featured by leading news outlets such as Investing.com, CoinTelegraph, Entrepreneur, Forbes, and other authority sites. Notably, he broke key news, including the Ripple and MoneyGram partnership, cementing his position as a thought leader in crypto. The news exploded. Over 100,000 people devoured this meticulously crafted report, from seasoned investors to curious newcomers. His analysis wasn't just dry facts and figures; it crackled with insight, dissecting the implications of the partnership and its potential impact on the future of finance. His deep understanding of the financial markets, technological advancements, and blockchain developments has made him a respected voice in the industry. Dalmas is also the founder of BTC-Pulse, a crypto news site, further demonstrating his commitment to the field. He firmly believes that DeFi and NFTs are here to stay and will continue to drive financial inclusion. Coming from Nairobi, Kenya, it is easy to see the source of his inspiration: Across Africa, millions lack access to traditional banks. Remote villages, limited documentation, and high minimum balances create insurmountable barriers. DeFi, not just Maker or Aave, for example, but think of Bitcoin and USDT, cuts out the middleman. Forget banks with their limitations. Even so, DeFi isn't a magic solution. The continent still struggles with reliable internet access, and educational campaigns highlighting the benefits of this wonderful solution are insufficient. Moreover, even for those interested, understanding DeFi can look like learning a new language. Dalmas is here to help make the tech easy to understand and digestible, even for beginners. The story of DeFi in Africa is still being written. Challenges abound, but the promise of a more inclusive financial future is a powerful motivator. With innovation and collaboration, Dalmas firmly believes that DeFi could become the key to unlocking Africa's full economic potential. This possibility and its immense value motivate Dalmas to continue breaking key DeFi innovations and more across the globe. His engineering background further enhances his ability to deliver well-thought-out pieces that blend technical insight with clear, impactful reporting. Beyond his professional achievements, Dalmas is deeply passionate about technology and politics. Policies drive adoption, and being at the forefront and keeping up with how they evolve is crucial for the sphere to mature. When Dalmas is not closely monitoring the latest crypto events, he can be found in nature, exploring the picturesque countryside, and traveling with his family and friends. His love for adventure and discovery perfectly complements his investigative and reporting skills. 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