Odaily Planet Daily reports that Monad co-founder Keone Hon stated on the X platform that the conspiracy theory claiming Jane Street is suppressing Bitcoin below $150,000 is unfounded. Using long futures to hedge short IBIT positions means that, on average, other parties will ultimately hold short futures positions, which they must hedge with long spot positions. The total of all positions in the market (converted to delta value) always equals the total supply of Bitcoin (about 20 million coins). Of course, any party can choose to short alone, thereby increasing long positions. This is the case in all perpetual contract markets, but it has nothing to do with IBIT or APs.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
The Bitcoin ecosystem BTCS mining ecosystem will launch on March 20.
Bitcoin ecosystem project BTCS announces that it will officially launch its mining ecosystem on March 20, 2026. Based on the BTC Rollup layer-two network, it aims to expand the application value of Bitcoin. The project will also launch multiple core applications to gradually build a complete BTC layer-two ecosystem.
GateNews12m ago
A certain whale opened a long position yesterday with $84 million in BTC and ETH, and today bought an additional $21 million worth of ETH spot.
Gate News Report, March 10 — According to on-chain analyst Yu Yan's monitoring, a whale opened a long position worth $84 million in BTC and ETH on Hyperliquid yesterday (March 9). Today (March 10), they also bought $21 million worth of ETH spot on the chain.
GateNews19m ago
BTC breaks through $71,000, up 3.00% intraday
Gate News Report, March 10th, BTC broke through $71,000. As of the time of publication, the intraday increase was 3.00%.
GateNews35m ago
BTC Breaks Through 71,000 USDT
Gate News bot message, Gate market display, BTC breaks through 71,000 USDT, current price 71,002.9 USDT.
CryptoRadar38m ago
Over the past 24 hours, the total liquidation across the entire network reached $337 million, with short positions accounting for 58.8% of the liquidations.
In the past 24 hours, the total liquidation amount in the cryptocurrency market reached $337 million, including $139 million in long positions and $198 million in short positions. Bitcoin and Ethereum experienced corresponding liquidations, affecting a total of 82,853 people worldwide, with the largest single liquidation amounting to $8.083 million.
GateNews39m ago
Polymarket Data: The probability of BTC dropping to $65,000 and rising to $75,000 in March is both 57%
Gate News Report, March 10 — According to the latest data from Polymarket, market bets on the BTC price trend in March are diverging: a 57% chance of dropping to $65,000, and a 57% chance of rising to $75,000; a 28% chance of dropping to $60,000, and a 28% chance of rising to $80,000. As of now, the trading volume in this prediction market has exceeded $28.27 million.
GateNews50m ago
