Bitcoin Treasury Bear Market Nears End as Noted Short Seller Exits BTC Position
Bitcoin Treasury Bear Market Nears End as Noted Short Seller Exits BTC Position
Renowned short seller James Chanos has officially closed his $MSTR/Bitcoin hedged trade after 11 months. This move is being interpreted as a potential end to the bear market for Bitcoin treasury companies and a trend reversal indicator, suggesting the worst is over for Bitcoin-linked equities.
Renowned short seller James Chanos has officially closed his $MSTR/Bitcoin hedged trade after 11 months, marking an end to his high-profile bet against Bitcoin-linked equities and Strategy stock. The unwinding of institutional short positions is a trend reversal indicator that could mean the worst for Bitcoin treasury companies is behind them. The bitcoin treasury ecosystem […]
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