surjhana
on Nostr: Bitcoin net shorts have reached a record high of $7.5 billion, largely driven by a ...
Bitcoin net shorts have reached a record high of $7.5 billion, largely driven by a popular market-neutral trade strategy known as the basis trade. The basis trade aims to profit from discrepancies between spot and futures markets. This strategy has resulted in significant short interest in almost 18,000 CME Bitcoin futures contracts
Published at
2024-06-12 14:26:25Event JSON
{
"id": "a2f043ca58f4de9a81a68db459a2b7dd568ffea001069d4b390b1156a34f8279",
"pubkey": "1c78d357da73fc9286a6cadcf6b7370f938f6b21b5e68471f6d4b46c30da6525",
"created_at": 1718195185,
"kind": 1,
"tags": [
[
"l",
"UNCENSORED NOTE"
],
[
"source",
"https://www.bloomberg.com/news/articles/2024-06-11/popular-hedge-fund-trade-pushes-bitcoin-futures-shorts-to-record"
],
[
"yaki_flash_news",
"U2FsdGVkX19PrkHCQKOJmyj3T/1VltdchSAYHSpClfw="
],
[
"e",
"79defcedadd01cc229cbf4cfba5d237b4574efd9198117cdaeefd5cd6e80106d"
],
[
"p",
"953281df0361f1a7ff836841c2b978b8d606b035e7d07b8d148c72e50b4d78a7"
],
[
"type",
"-"
]
],
"content": "Bitcoin net shorts have reached a record high of $7.5 billion, largely driven by a popular market-neutral trade strategy known as the basis trade. The basis trade aims to profit from discrepancies between spot and futures markets. This strategy has resulted in significant short interest in almost 18,000 CME Bitcoin futures contracts",
"sig": "a588b3950fe9bd859ba2c0e2cc09a74582c6b32d09d11d4114ff8c8e372db87738d7bcd3afc1ce751d0ced9b9329808270a30ab2fb6a23953a6f4daba9122849"
}