Crypto Live News

Golden Bull Run Start Trigger Revealed, God Spike Loading for $75,000 BTC Price, Altcoins Will Follow

  • The crypto market faces another brutal dip, is it another correction?
  • A hedge fund manager believes this is caused by over shorting Bitcoin futures.
  • This phenomenon will likely trigger a gamma squeeze towards a new Bitcoin ATH.

As the crypto market faces another brutal dip, traders and analysts scramble to find the cause of the latest market dump. Many find this to be another unexpected correction, while one explains how hedge funds are the cause for this dip. 

Read CRYPTONEWSLAND on google news

As we can see from the video above, James Lavish, a reputed hedge fund manager, walks us through how hedge funds are shorting Bitcoin (BTC). He explains how the trade works, he says when futures are shorted 10% gains are made.

By taking this capital, users can buy Bitcoin meaning they are hedged. If Bitcoin goes up or down this doesn’t change their gains. However with Bitcoin ETFs one cannot borrow against it. Doing so will create debt as it creates paper dollars and not paper Bitcoins. 

He says some hedge funds are over shorting the future and are taking in more perpetual interests and under buying the spot. Futures are being bought during the day and they are settling for Spots. 

So the ones shorting the futures could get into a situation where a gamma squeeze can occur. Thus, a very rapid blast towards a $75,000 Bitcoin gamma squeeze could occur soon if the buying pressure explodes. 

If this massive Bitcoin rally takes place, not only will Bitcoin (BTC) set a new ATH, but altcoins will follow this rally as well. If altcoins follow suit, it will likely usher in the long awaited altseason as well. 

Traders say altseason in inevitable and based on the altcoin cycle in every bitcoin cycle, we are currently in the phase after hope which is the shakeout phase. This is where market makers try to shake out investors just before the arrival of the golden bull run. 

Read Also

Lauren Cole

A focused and vigilant storyteller for all things blockchain and cryptocurrency. Besides consuming every piece of literature about the metaverse, she can often be found at industry convections looking for the latest scoop.

Recent Posts

Top Cryptos to Watch: Amidst Toncoin Price Rise and Dogecoin’s Bullish Signs BlockDAG Presale Surges 1300%

BlockDAG, with its $55.4M presale and 30,000x ROI potential, outshines #Toncoin(TON)price and #Dogecoin bullish trends.…

56 mins ago

BlockDAG’s X100 Miner Set to Earn $60,000 Daily as Coin Aims for $30: Can Render & ICP Crypto Prediction Compete?

Discover how #BlockDAG's X100 Miner, poised to earn $60,000 daily beats #ICPcryptoprediction & #Renderprice surge,…

3 hours ago

Cryptocurrencies With The Highest Growth Potential In 2024: BlockDAG’s $55.4M Presale, Ethereum’s Q1 Performance, and Fetch.ai’s Struggles

Discover the evolving #cryptocurrency landscape with #Fetch.ai's recovery plans, #Ethereum's expansive growth and new applications,…

5 hours ago

Consensys Acquires Wallet Guard to Enhance MetaMask Security

#Consensys acquires Wallet Guard, enhancing #MetaMask's security with advanced scam detection and user protection in…

5 hours ago

4 Tokens That Can Double In Value In The Next 12 Months

Explore the potential of doubling your #investments this year as we delve into a comprehensive…

6 hours ago

Jupiter Exchange Distributes $60M in Staking Rewards to JUP DAO Participants

Jupiter Exchange to distribute $60M in Active Staking Rewards! Eligible voters in JUP DAO proposals…

7 hours ago