Quick Take
- CryptoSlate recently analyzed Bitfinex whale movement cashing out 12,000 Bitcoin.
- Taking a further deep dive into hedged and unhedged shorts — they are currently sitting at one-year lows.
- During the Luna and FTX collapse, unhedged shorts went parabolic due to the bearish sentiment at the time in the crypto ecosystem.
- However, unhedged shorts remain at historical lows, indicating that investors don’t want to bet against Bitcoin now due to its 70% year-to-date return.
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