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Additional Posts in Bitcoin (BTC)
I feel special.
What a beautiful day! 🙌🏿
Top is nowhere close
Diamond hands, peeps.
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It’s a hedge for the pass through trade with GBTC. They buy GBTC at NAV, hedge with CME, then after 6 months and it unlocks they sell the GBTC for its premium over NAV and release their CME hedge.
Not to mention that $1b short is literally nothing for Bitcoin. It represents a lower short ratio than Microsoft.
Oh man literally the dumbest short you can make
In the grand scheme of things, $1B short doesn’t seem like a huge position - I mean microstrategy is long BTC more than $1B in their treasury, and that’s nothing compared to grayscale.
Would be great if wsb set their sites on that though!