[paulpauper]

This is just another example of how shorting Bitcoin during market hours is such an effective strategy, which is as profitable now at $60k as it was at $20k. This takes advantage of the tendency of bad news to drop when the stock market is open. Federal government offices are closed on weekends, so if bad news is dropped or a rumor of bad news, it will be on a weekday and when the market is open, as has been the case.

Good news can also drop, but there is a major asymmetry favoring bad news and liquidations, and consequently sudden drops of the Bitcoin price. You don't have to work at a hedge fund to find great methods like this.

It also shows why Bitcoin is an inferior investment compared to tech stocks, in which investors do not have to worry about these regulatory risks (except for antitrust, which is a slow, drawn-out process and this can be mitigated with diversification). QQQ has far outperformed Bitcoin even as far back as 2020.