Bitcoin [BTC] bears keep the faith as short funds see $10M inflows: Report

Bitcoin [BTC] bears keep the faith as short funds see $10 million inflow: Report

Is your portfolio green? Check out theAfter a sustained surge in cryptocurrency prices at the start of the year, the market has been moving sideways in the last month. This has prompted several investors to sell their holdings to safeguard against significant price drops. Negative sentiments have re-emerged, resulting in BTC experiencing three consecutive weeks of outflows, with $12 million withdrawn.

A “short” position in financial markets refers to a wager that a particular asset’s price will decrease. Per the report, the fact that the largest inflows logged last week were into short-investment products reflected the general frenzy by US investors who expect BTC’s price to decline further should the Federal Reserve remain hawkish in its approach.

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