Oddbean new post about login | logout 🚨Why are the hedge funds are up to their eyeballs in billions of dollars worth of Bitcoin short positions! Are they suppressing the price to accumulate cheap Bitcoin? Or are we watching a repeat of the cash and carry trade repeat from the 2021 cycle that made Grayscale BILLIONS? 📺I explain all of this and more in the FULL video below:👇 https://video.nostr.build/d9de24d4b337c351393c9fb582ef9e8b1c82820087fc5b8100869a45062fe717.mp4
It’s a simple strategy by Wall Street, you short the #bitcoin in futures, the market makers have to hedge their positions so they short the equivalent amount of it. Meanwhile large institutions keep on engulfing it in the spot market. Also in this process speculators and paper hands donate their #bitcoins to large institutions.
Fiat maxis playing fiat games. This is proof that these guys do not understand bitcoin.