
Bitcoin is not digital gold, not digital gold, not digital gold. Bitcoin’s current price volatility characteristics make it a high-beta asset—an Altcoin of NVIDIA. Thus, global professional traders, during the weekend when U.S. equities markets are closed, collectively chose to short BTC despite a 6% funding rate as a substitute for shorting U.S. stocks. However, such extreme consensus in shorting is highly likely to trigger a reflexive backlash. In fact, immediately after Trump’s pre-war rally speech, BTC has already begun to rebound. If you hold short positions, it’s best to exit immediately with profits or losses—Monday could see a “miracle day,” with both U.S. stocks and BTC opening sharply higher and forcing a short squeeze.
