Crypto hedge fund Nickel Digital Asset Management cycled into a cash position following the crypto market collapse of May. According to Bloomberg, the $200 million crypto hedge fund led by JPMorgan and Goldman Sachs alumni redeployed its capital in anticipation of another explosive price run for cryptocurrencies.Prior to piling into a cash position, Nickel Digital focused on … [Read more...] about $200M hedge fund pauses crypto arbitrage trading amid market downturn
Downturn
Data shows crypto downturn driven by short term Bitcoin holders ‘panic selling’
The number of addresses holding Bitcoin for more than one year has increased to its highest ever level, data from analytics tool IntoTheBlock showed today.“The recent $BTC selloff seems to come from short-term holders selling at a loss, as the number of addresses holding #Bitcoin for more than 1 year continues to increase and it’s at a high in May. 57.61% of the addresses with … [Read more...] about Data shows crypto downturn driven by short term Bitcoin holders ‘panic selling’