CME Net Short Exposure Reaches ATH: Why Institutions Are Bearish on Ethereum
Ethereum has seen some selling pressure today and has rolled back on a portion of its gains. The cryptocurrency was bouncing back from below the $1,000 levels but has found hurdles on lower timeframes. Related Reading | Outflows Rock Bitcoin As Institutional Investors Pull The Plug, More Downside Coming? At the time of writing, ETH’s price trades at $1,166 with a 3% loss in the last 24 hours and a 3% profit in the past 7 days. Ethereum and Binance Coin were two of the best-performing assets in the crypto top 10 market cap. Their gains were able to pull back Bitcoin’s dominance which....
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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....
Bitcoin’s price action has been weak over recent weeks as uncertainty has spread about all markets. From the local highs, the cryptocurrency is down nearly 20%. Institutional traders on the CME have increased their short exposure to Bitcoin futures over recent weeks. The metric is not down a lot but it shows that there are some investors hesitant about what’s to come. Retail investors using the CME have also increased their short exposure to Bitcoin […]
Bitcoin’s short exposure has been gaining favor from both retail and institutional investors over the last couple of months. For most, this position in the digital asset has paid off, given its continued decline over this time. Even then, investors have not eased up in their exposure to this investment vehicle. The total assets under management for short bitcoin ETF are on the rise, sparking speculations of a potential short squeeze. Investors Increase Exposure When the ProShares Short Bitcoin ETF first debuted earlier in 2022, it came out with a lot of support from investors. These....
Ethereum price is under a lot of bearish pressure, which calls for a test of $10.00, but I think it’s time for sellers to book profits for now. Key Highlights. Ethereum price tumbled further against the US Dollar and traded below the $11.00 support area. There are a couple of bearish trend lines formed on the hourly chart (data feed via Kraken) of ETH/USD, which are acting as a barrier for a recovery. My yesterday’s bearish view paid off since the price moved down further and broke the $11.20 support area. Ethereum Price Tumble. Ethereum price ETH was crushed during the past few hours, as....
Rothschild Investment Corp has bought more Bitcoin and Ethereum exposure via Grayscale despite the ongoing crypto market retreat. Billion-dollar investment firm Rothschild Investment Corp quadrupled its exposure to Bitcoin (BTC) since April, new records show.In a filing with the United States' Securities and Exchange Commission (SEC) on July 17, Rothschild confirmed that it now owns 141,405 shares of the Grayscale Bitcoin Trust (GBTC). Rothschild GBTC shares near 150,000A quiet but nonetheless substantial player among institutions, Rothchild Investment Corp has also invested in Grayscale's....