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
The predicted market size exceeds $3 billion, and by 2030 it may reach $10 billion. The crypto prediction platform is entering a period of rapid expansion.
Global prediction markets are rapidly expanding, with annual revenue exceeding $3 billion and expected to reach $10 billion by 2030, becoming a key sector of the crypto economy. Decentralized platforms like Polymarket enhance user engagement through transparent mechanisms, and institutions are actively utilizing prediction markets as data sources. Although facing regulatory uncertainties, the application of prediction markets in finance and information sectors is increasing, potentially driving the integration of Web3 and traditional finance in the future.
GateNewsBot17m ago
The Future of BTC Banking? Core’s SatPay Neo-Bank Breakthrough
_Core advances Bitcoin yield tools and prepares SatPay, a Bitcoin neo-bank linking BTC staking, payments, and institutional demand._
Core representatives say the project is moving toward a new phase of Bitcoin-focused financial tools as it works to expand its yield infrastructure and develop a B
LiveBTCNews35m ago
Data: Nominal value of $7.9 billion BTC and $967 million ETH options will expire and settle tomorrow
ChainCatcher reports that according to Deribit data, options expiration and settlement will occur tomorrow at 16:00, including: · BTC options with a notional value of $7.9 billion, a put/call ratio of 0.76, and a maximum pain point of $75,000; · ETH options with a notional value of $967 million, a put/call ratio of 0.77, and a maximum pain point of $2,200.
GateNewsBot38m ago
