I’d like to hear more from those who are more familiar with the practice of hedging and how the BEOT may be tactically playing this game.
It is too simplistic, imo, to assume that shorters are basically just predicting further price falls and therefore “betting” on that outcome.
AFAIK there is much more to this than meets the eye, yet I don’t have enough insight into their practices to fully understand their sneaky games.
Anyone?
(I think perhaps it was @slick who chimed in on this topic recently?)
TIA
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