The BIG hedge: even the whales are scared

The big guys have opened hedge positions for more than $7 billion. That's 3x more than during the 2008 crisis.

A hedge is protection of a trade position from drawdown.

How does this affect cryptocurrency?

It shows that there is a huge fear of drop in the stock market as well as in the crypto market.

Any big moves in stocks will be affecting the crypto market as well.