Smart Money reportedly earned $5.16 million by shorting Bitcoin during the LUNA and UST crisis. In a recent trading session, the firm spent $12.01 million acquiring 2,879 XAUt. This strategic move highlights the firm’s ability to capitalize on market volatility. The shorting of Bitcoin during the downturn reflects a calculated risk, demonstrating a keen understanding of market dynamics. The purchase of XAUt suggests a shift towards securing assets that may offer stability amid fluctuating cryptocurrency values.
