Part 12/14:
This week features significant unlocks of tokens such as dydx, optimism, Gild, Games, and ACA, which could impact supply dynamics. Market participants are increasingly placing bets on short Bitcoin strategies to hedge against potential downside moves, exemplified by a surge in short Bitcoin ETF inflows.
Financial institutions like JP Morgan have expressed skepticism about Bitcoin and Coinbase, with downgrades and targeted price targets around $80 for Coinbase. Yet, these institutional narratives may not fully bear out, especially considering Bitcoin's resilience and technical support levels.