Bitcoin unhedged shorts sit at one-year lows

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.

The post Bitcoin unhedged shorts sit at one-year lows appeared first on CryptoSlate.