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CoinGape
2024-06-09 07:30:54

Bitcoin Price: Hedge Funds Heavily Shorting BTC, Will It Outshine GameStop Saga?

On Friday, Bitcoin experienced a notable dip, plummeting to $68,450 before a modest recovery to just above $69,000. This movement in the Bitcoin price coincided with a significant shift in market sentiment. The shift was reflected in the latest Commitments of Traders (COT) report from the Commodities and Futures Trading Commission (CFTC). Hedge Funds Are The post Bitcoin Price: Hedge Funds Heavily Shorting BTC, Will It Outshine GameStop Saga? appeared first on CoinGape .

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