Hedge Funds Breathe As Coinbase, Fidelity Circuit Breakers Flip To Slow Bitcoin Pump

Bitcoin has been experiencing a short squeeze this week, causing massive pain for hedge funds that were shorting the coin. Fortunately, instead of liquidating America's favorite criminals, Coinbase and Fidelity shut down trading in order to stop the rapid price appreciation of the asset. While many macro thinkboys are currently focused on ETF inflows, assuming that is driving the price up, only a handful of individuals are not discounting the buy volume of podcast listeners smash buying $25/day on Swan, Strike, and River.

The repeated pauses in trading on popular cryptocurrency trading platforms will likely upset the retail market and could lead to another war between Wall Street and retail. Retail lives under the assumption that when an asset is pumping, it will only go up forever. Pesky fiat maximilists that stand in the way of a $1 million coin will likely have their short positions demolished by 1 million hodlers with $200 in their bank accounts.

Robinhood famously limited buying of certain stocks, and only allowed for selling in order to protect hedge funds. Fortunately other retail trading platforms like Coinbase and Fidelity are following suit.

Fortunately Bitcoin is a globally traded currency that does not adhere to market hours. ETF products and other fiat minded financial products are no match for the decentralized DCA army, preparing to wreak havoc on hedge funds with short positions.