Last week, more money flowed into funds that bet the price of $BTC will fall. Meanwhile, liquid staking is picking up steam. JamieCrawleyCD reports.
, according to crypto asset manager CoinShares, as upbeat U.S. economic data weakened investors’ appetite for risky assets. BTC fell below $23,000 on Saturday, its lowest point since Feb. 15. Short-bitcoin funds, which profit from a decline in the price of BTC, saw inflows last week while the price of bitcoin fell over 3% after it failed to consolidate above $25,000."We believe this reaction reflects nervousness amongst U.S.
," CoinShares said in a weekly report.. Liquid staking is now a $14.1 billion sector based on the total value of assets that have been locked on blockchain networks by users in return for rewards. Decentralized lending and borrowing protocols have $13.7 billion locked, while decentralized exchanges remain the largest sector with $19.4 billion.
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