Butterfill said the takeup of short positions by investors is likely “a direct result of the ongoing fallout from the FTX collapse,” while the total assets under management for institutional investors is now at $22 billion — the lowest in two years.
Over the week, $14 million was poured into short-ETH investment products. CoinShares said it was “the largest weekly inflow on record.”
It's getting more and more rekt for the decentralization
Ethereum needs to loose all value so the FTX hacker is left with a shit valueless coin. Everyone needs to sell any ETH they hold and buy Bitcoin BTC
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Source: CoinDesk - 🏆 291. / 63 Read more »