The crypto market is currently witnessing a fascinating paradox.
While prices experience significant turbulence, the GraniteShares 2x Short MSTR Daily ETF, trading under the ticker MSDD on Nasdaq, an ETF that specifically ‘feasts on the carnage’ of Bitcoin holders, has just hit a record high. This suggests that professional traders are increasingly using sophisticated tools to profit from market downside, creating a highly fragmented environment where bears and bulls are locked in a high-stakes struggle.

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For the average investor, this carnage creates a disconnected market where liquidity is often trapped in short-term defensive positions.
This trend matters because it highlights the growing complexity of the
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