Hedge Funds Reverse Course after Bitcoin Drop: Analyst’s Insights

Cryptocurrency analyst James Van Straten revealed that he met with three prominent hedge fund managers recently and observed a notable shift in their investment strategies following Bitcoin’s recent decline. According to Van Straten, these funds, who profited significantly from shorting Bitcoin during the downturn, have now completely reversed course. All of the funds he spoke with closed out their bearish positions last week and early this week, switching back to long-term holdings. “,
Van Straten believes this reversal could indicate a potential market turnaround.