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
Strategy Holds $47B in Bitcoin – So Why Is It Heavily Shorted?
_Strategy holds 717,722 BTC worth $47B as short interest hits 14%, about $6B, despite Bitcoin’s rebound to $70K._
Bitcoin has rebounded to around $70,000, yet it remains below its October 2025 peak.
During this recovery, Michael Saylor’s firm Strategy has become one of the most shorted large-c
LiveBTCNews20m ago
BTC and ETH options with a nominal value of $8.9 billion will expire and settle tomorrow. Options market data shows initial signs of bottom-fishing strength.
According to Greeks.live data, there will be a large-scale expiration of BTC and ETH options this Friday, totaling 116,000 and 206,000 contracts respectively. The market remains sluggish, with prevailing pessimism. Although there has been a slight rebound recently, confidence remains low, and the market is still in a bear phase.
GateNews29m ago
DMG Blockchain Releases Q1 Financial Report: Mined 69 Bitcoins, Multiple Performance Metrics Decline
DMG Blockchain, a Bitcoin mining company, announced its Q1 FY2026 financial report, with revenue of 11.2 million CAD, a year-over-year and quarter-over-quarter decrease, and mining output down to 69 Bitcoins. Hash rate increased to 1.76 EH/s. Total assets and cash decreased, net loss narrowed to 2.2 million CAD, but overall net profit turned into a loss due to changes in asset fair value.
GateNews42m ago
Analysis: Bitcoin rises to $70,000 then pulls back, derivatives funds flow in but bearish sentiment remains
Bitcoin climbed to $70,000 on Wednesday before pulling back, settling around $68,600 on Thursday, unable to hold the key support level. Since February, BTC has remained volatile, with futures and options markets showing increased capital inflows, but some market participants remain cautious about the sustainability of a breakout.
GateNews51m ago
