Bearish Indicator: Bitcoin Short Exposure Surge To New All-Time High
Large institutional investors have since been turning their attention to shorter-term investments. This tracks with retail sentiment following the price decline of bitcoin from the $30,000 territory. This has put the digital asset in a perilous position, and despite the recent recovery that saw BTC touch $25,000, bearish sentiment continues to be the order of the day, causing the inflows into short bitcoin to balloon over this time.
Short Bitcoin Inflows Grow
Short bitcoin inflows have been on the rise for a couple of months now. When the ProShares’ short bitcoin ETF had first launched earlier in 2022, it had seen record BTC inflows. Interest in the short bitcoin ETF had declined after this but quickly picked up once more.
September 2, 2022