AguilaTrades has significantly expanded its short position targeting Bitcoin (BTC), committing $10.16 million.
This substantial move reflects a cautious stance by AguilaTrades concerning the near-term price direction for BTC.
The maneuver signals the hedge fund anticipates potential downward pressure or increased volatility in Bitcoin’s value over the short horizon.
Separately, the German Savings Bank Group confirmed plans to introduce Bitcoin trading services tailored for its private customer base.
These services, representing a major institutional embrace of digital assets, are slated to launch next summer.