📉 Hedge funds are pressuring BTC: cleansing or the beginning of a prolonged decline?

The latest collapse of the crypto market has made many anxious, but Bitwise experts shed light on who is really behind the "red candles". It turned out that the main drivers of the panic were not retail investors, but large capital.

About 1/3 of all shares of spot Bitcoin ETFs belong to corporations. The lion's share (50%) of this mass is held by hedge funds.

The BTC IV indicator soared to 75%. This is the first time since the ETF launch in 2024 that BTC has become more unstable than gold.

Hedge funds focused on short-term profit could not withstand the risks and began to exit positions en masse, provoking avalanche-like pressure on the price.

However, Bitwise analysts remain calm. They view this collapse as a necessary stage of cleansing. The market is getting rid of "weak hands" and excessive leverage.

History shows: after speculative capital exits and the market stabilizes, $BTC often shows rapid recovery

Your opinion: Was this the perfect opportunity to "buy the dip" or will we see BTC cheaper? Share your thoughts in the comments!

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