(Bloomberg) Hedge funds are wagering that Bitcoin’s free-fall will keep going. Leveraged funds, which include hedge funds, held 2,974 short positions in Cboe Global Markets Inc.’s Bitcoin futures as of Tuesday, a fivefold jump from the prior week. Long bets dropped to 895 contracts, down 22 percent from a week earlier, according to weekly data released Friday by the U.S. Commodity Futures Trading Commission.
Hedge Funds Bet Bitcoin’s Pain Isn’t Over on Cboe Futures Market
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