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Bitcoin trapped in fragile trading as hedge funds pivot to cash
Bitcoin settled into a narrow trading range with investors still seeking direction almost two weeks after a market collapse that wiped out the last remnants of gains registered since Donald Trump won re-election. The downturn appears to have spurred a growing number of crypto hedge funds to pile into cash, underscoring how deeply the US$2 trillion post-October crash rout has shaken professional investors and how elusive conviction remains heading into 2026. “Bitcoin has found a new range in the mid-60s, as it chops around with no real directional conviction,” said Bohan Jiang, senior derivatives trader at ... (full story)
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