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
Metaplanet Launches Bitcoin Investment Arm With ¥4B Plan
Japanese investment firm Metaplanet has announced a new step in its crypto strategy. The company plans to launch two new subsidiaries. It focused on expanding its Bitcoin ecosystem and digital finance services. The move includes a ¥4 billion investment plan over the next few years. The funds will su
Coinfomania11m ago
Three men conspired to steal nearly $7 million worth of crypto assets from the SafeX platform, with the main culprit sentenced to 2 years in Singapore
Three men conspired to steal over $6.9 million in cryptocurrency from the SafeX trading platform, and 38-year-old Chinese man Zhang Xinghua was sentenced to two years for money laundering. The police have frozen $2.1 million in cryptocurrency, and the remaining $4.8 million cannot be recovered because it is stored in offshore wallets.
GateNews38m ago
Glassnode: Since late January, the spot trading volume of the top 500 cryptocurrencies has continued to decline
Gate News Report, March 12 — Glassnode data shows that since late January, the total spot trading volume of the top 500 cryptocurrencies has been continuously declining. Meanwhile, Bitcoin spot trading volume has been more resilient and has continued to grow for most of February.
GateNews42m ago
Asia's largest publicly traded Bitcoin holding company, Metaplanet, plans to invest $27 million to build Bitcoin infrastructure in Japan
Japanese publicly listed company Metaplanet is expanding its Bitcoin strategy by establishing a subsidiary, Metaplanet Ventures K.K., to invest in Japanese Bitcoin financial infrastructure. It plans to invest approximately 4 billion yen over the next two to three years. Its investment focus includes venture capital, incubators, and community funding programs to promote the development of domestic digital assets, while continuing to hold Bitcoin long-term.
GateNews47m ago
