Loading ...Because bitcon is so high now the dumb money speculators, which includes hedge funds these days, will primarily short it and buy puts, which will support the price as is the case with the stock market. And a buoyant bitcon helps tech stocks, so da boyz want this. That’s why they are telling the stupids to short bitcon. The machines don’t care about price, just how the consensus is betting. This is how they keep precious metals down using GLD and SLV. The open intererst put / call ratios on both are below .5 meaning there are at least twice as many calls compared to puts, which is why they never go up (somebody tell Ray Dalio — or is he part of the Kabuki — chuckle).
Stop playing this crap folks and buy the physical metals.
Cheers