The largest wave of pessimism from hedge funds in over 10 years!
With $25 billion short on stock indices over just 3 reports, these funds are betting that the market will drop soon, which increases pressure on risk markets like #crypto and #gold.
Analysis:
We might see a short technical rebound due to high positioning
But the overall trend points to more volatility
Keep the stop, and monitor movements $BTC with stock indices
#Bitcoin #BTC #Crypto #Gold #Equities #ShortSqueeze #SP500