? Since late October, BTC on Coinbase has been playing hard to get—trading lower than on Binance. This usually means the big fish are more into selling than buying. Even after yesterday's jump from 89K to 93.5K, BlackRock was busy with a record $523M outflow from its ETF. 🤯 ⚡️ What’s Causing the Sell-Off? The main culprit? A massive hedge fund trade unwinding. For about a year, many funds have been shorting MicroStrategy (MSTR) while going long on BTC via ETFs. They jumped in when MSTR was riding high and are now cashing out as the stock’s taken a nosedive of 45-60%. 📉 🕯 How This Sell-Off Works Now that the trade’s wrapping up, funds are closing their MSTR shorts and dumping BTC at the same time. Even if they’re losing on BTC, they’re still in the green overall because the shorts paid off big time! 💰 ➡️ Is This Selling Spree Almost Over? MicroStrategy started to rebound yesterday, hinting that this sell-off might be nearing its end. Once these positions are cleared, we could