Isn't hanging a sell order at a price of 6000 a trap for shorts?
Binance News
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Hedge Fund Shorts $1.73 Billion Ethereum Position on CME
According to Odaily Planet Daily, data from the U.S. Commodity Futures Trading Commission (CFTC) showed that hedge funds shorted Ethereum positions worth a total of US$1.73 billion on the Chicago Mercantile Exchange (CME), with leveraged net positions significantly short.This operation is considered a basis arbitrage strategy, which involves shorting ETH contracts on the CME while simultaneously buying spot ETFs, achieving delta neutrality and generating an annualized return of approximately 9.5%. Buying spot ETH and staking it can yield an additional annualized return of approximately 3.5%.It is worth noting that currently, Ethereum spot ETFs do not support staking, making it impossible to generate additional returns. This type of arbitrage strategy has attracted significant institutional attention, given that spot ETFs have a total of approximately $12 billion in assets under management.
Hedge Fund Shorts $1.73 Billion Ethereum Position on CME
According to Odaily Planet Daily, data from the U.S. Commodity Futures Trading Commission (CFTC) showed that hedge funds shorted Ethereum positions worth a total of US$1.73 billion on the Chicago Mercantile Exchange (CME), with leveraged net positions significantly short.This operation is considered a basis arbitrage strategy, which involves shorting ETH contracts on the CME while simultaneously buying spot ETFs, achieving delta neutrality and generating an annualized return of approximately 9.5%. Buying spot ETH and staking it can yield an additional annualized return of approximately 3.5%.It is worth noting that currently, Ethereum spot ETFs do not support staking, making it impossible to generate additional returns. This type of arbitrage strategy has attracted significant institutional attention, given that spot ETFs have a total of approximately $12 billion in assets under management.
Metaplanet Buys 797 More BTC for $93.6M, Now Holds Over $1.95B in Bitcoin
Metaplanet added 797 BTC at an average price of $117,451, increasing total holdings to 16,352 BTC worth $1.95B. This marks a 64% drop in volume from its previous purchase.Metaplanet Increases Bitcoin Holdings by 797 BTC, Now Holds Over $1.95 Billion in BTCJapan-based public company Metaplanet has announced a fresh purchase of 797 Bitcoin on July 13, 2025 (ET), according to data from SoSoValue’s Bitcoin Treasuries dashboard. The company acquired the BTC at an average price of $117,451, amounting to a total investment of approximately $93.6 million.This marks a significant slowdown in accumulation compared to the previous week’s disclosure on July 6, when Metaplanet purchased 2,205 BTC at an average of $108,237, investing roughly $238.7 million. Week-over-week, the number of BTC acquired dropped by 63.85%, while the investment value declined by 60.79%.Following the latest purchase, Metaplanet now holds a total of 16,352 BTC, acquired at an average price of approximately $100,191. The total value of its Bitcoin treasury now stands at roughly $1.957 billion.Metaplanet continues to position itself as one of Asia’s most aggressive corporate adopters of Bitcoin, mirroring strategies similar to those of MicroStrategy in the United States. The latest accumulation highlights ongoing institutional confidence in Bitcoin’s long-term value amid a macro environment defined by monetary expansion and increased institutional demand.