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Market Wrap: From GBTC Discount to Short Bitcoin ETF, Traders See Reasons for Optimism

It's hard to imagine that data showing traders piling into a trade designed to profit from further bitcoin price declines might be bullish, but that's how some analysts are interpreting the signal.

Updated May 11, 2023, 4:36 p.m. Published Jun 24, 2022, 8:29 p.m.
Seemingly bearish market indicators are seen by analysts as reasons for optimism. (Creative Commons)
Seemingly bearish market indicators are seen by analysts as reasons for optimism. (Creative Commons)