Zag net that Bitcoin made a significant jump on Monday of about 5%, but an analyst points out that this was not due to fresh inflows, but mainly due to short-covering. So more traders were closing their short positions than actual new money flowing in.



Actually, an interesting detail because it provides a different picture of what is really going on. It's not always what it seems at first glance with these moves.

Since this article is from CoinDesk, a standard disclaimer: they are part of Bullish (the digital assets platform), so journalists there may receive stock-based compensation from Bullish. They do adhere to strict editorial policies, so that helps.
BTC-1.76%
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