Cryptocurrency hedge funds raise liquidity to the highest level in nearly a year



Some funds are now holding very high cash reserves, with some reaching zero exposure to both BTC and ETH for the first time in history

Main reasons:
• Decline in risk-adjusted returns
• Weak profitability of Basis trades
• Shift towards investing in crypto company stocks instead of the assets themselves
• Uncertainty in the macroeconomic outlook

When smart money chooses to sit on the sidelines… it reflects a highly cautious environment

$BTC $ETH

#GateSquare$50KRedPacketGiveaway #WhenisBestTimetoEntertheMarket #CLARITYActAdvances #GateSpringFestivalHorseRacingEvent
BTC-3,48%
ETH-4,83%
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