Policy
Galaxy’s Alex Thorn Says Bitcoin Held Near $80,000 Because Hedge Funds Had Already Sold
Unchained·October 29, 2026·1 min read
Galaxy's Alex Thorn said Bitcoin held near $80,000 because hedge funds and bank desks had already pared their spot bitcoin ETF positions by June, according to 13F data. This selling pressure was absorbed, preventing a further drop, as institutional positioning had been reduced earlier.
Read at UnchainedDaily crypto arcade
Read the news, then play it.
Chainshorts turns crypto headlines into a daily game. Catch up in 60 words, then jump into daily lucky draws for a shot at the pot.