Inflows Into Short Bitcoin Products Picked Up Alongside Rally: Coinshares

Crypto

Last week’s rush into short products came as bitcoin (BTC) surged to a four-month high above $22,000. At the current $22,750, bitcoin is up more than 40% thus far in 2023. Interestingly, last July’s big inflow also came alongside a sizable rally for the crypto that saw the price move to above $24,000 from a low of $18,200 in June.

coindesk

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