Large hedge funds playing the ETF arbitrage game are starting to unwind their positions, putting more selling pressure on Bitcoin, says BitMEX co-founder Arthur Hayes.
Originally posted on Cointelegraph.com News
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Bitcoin could be headed for $70K ‘goblin town’ on ETF exodus: Hayes
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2 thoughts on “Bitcoin could be headed for $70K ‘goblin town’ on ETF exodus: Hayes”
Hedge funds bailing out sounds rough for Bitcoin. Hope it bounces back soon. Markets can be wild sometimes.
Hedge funds ain’t the answer. They often complicate things more than they help. Markets need genuine support, not band-aids.
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