Lates News

Chief Investment Officer of Ericsenz Capital Damien Loh: Many Bitcoin short positions were established over the weekend, and tensions in the Middle East escalated again after remarks by Trump. Holidays in Europe and Asia on Monday exacerbated volatility in a low liquidity environment. Bitcoin is no longer a reliable alternative indicator of overall risk appetite. When the market opened today, short positions shifted to stock index futures and some positions were covered, triggering a short squeeze rally in the face of insufficient liquidity.