Musk soared the value of bitcoin when a long-running war between bullish retail investors staged Reddit’s WallStreetBets forum and the Wall Street hedging budget that long sold GameStop stock has reached its climax, with regulators and brokers seeking to calm down. frantic markets with heavy hand restrictions. .
Now, it is known that the hedging budget is short bitcoins to the song of more than one billion dollars, even when retail investors accumulate in bitcoins and other cryptocurrencies.
The hedging budget has increased its short positions in bitcoins, betting that the value of an asset will fall, since the value of bitcoin began to rise in October, showed the company’s knowledge of news and encryption analysis The Block.
According to the CFTC’s most recent Traders in Financial Futures report, the short position in bitcoin futures is now the largest ever.
As the hedging budget bets against the value of bitcoin, covering to some extent its long positions, retailers empowered through programs and annoying through locks speculate on bitcoin and everything else.
“Being trapped at home due to pandemic blockades and restrictions turns out to have caused an influx of intraday traders,” Frédérique Carrier, head of investment strategy at RBC Wealth Management, wrote in a note.
Investor attitudes are shaped through gains that appear on the cover of some high-profile problems. For example, the gain of 35% of Bitcoin in the first nine days of 2021, after an increase of five times the value from March to December 2020; or accumulating more than six times in GameStop shares in less than two weeks until January 26; or even Tesla, now the fifth-largest action of the S
The eToro brokerage, after adding five million users in 2020, registered 1 million more in the first month of 2021, suggesting that demand for inventory and cryptocurrency trading continues to grow.
Meanwhile, many members of the bitcoin and cryptocurrency network temporarily encouraged the concept of retail investors turning to cryptocurrencies.
“With Robinhood stopping trading secure assets like GameStop GME and Nokia CEO and Nasdaq NDAQ, Adena Friedman, calling for regulations to prevent retail investors from coordinating on social media, arguments for cryptocurrencies are only being strengthened,” Nicholas Pelecanos, NEM’s chief operating officer, said in email comments: “We will see a new wave of investors coming to Bitcoin and other primary cryptographic assets as a result of this debacle. “
I am a journalist with significant experience in the fields of technology, finance, economics and business around the world. As founding editor of Verdict. co. uk, I pointed out that