▲ Bullish
Pantera Capital's Cosmo Jiang has stated that Bitcoin's positioning is beginning to reverse after a period of 10 months of price compression.
The $3.8 billion fund observed that Bitcoin was previously stuck in a range and has pulled back nearly 50%.
Traders are reportedly shifting from net short positions to a desire to go long on Bitcoin.
Reporting aggregated and summarized by CLOM — research & education, not financial advice.