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Yes.
Again, plenty of trapped capital in fiatland and limits to redemption and shorting. Makes some semblance od sense to me
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Ok, it makes some sense to me too.
What does this do for your bearish thoughts on bitcoin price?
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Not sure yet... It's things like these that make me wonder why on earth the price isn't 500k or something
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Maybe it's as simple as not enough capital being controlled by people who are comfortable holding their own keys.
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Is it just literally the time required to make the required financial moves?
The assertion is that a 3x is just sitting around staring everyone in their stupid faces, while we fail to capitalize on it.