Wall Street Is Saying ‘No’ to a Bitcoin Rebound. Bearish Bets Are Piling Up.

Bitcoin has been licking its wounds from two-year lows in the wake of crypto exchange FTX’s bankruptcy this month. Sentiment may be cautiously improving in the digital-asset world, but investors on Wall Street expect more losses.

Data indicate that traditional investors are piling into bets against Bitcoin’s price, suggesting the outlook remains gloomy even though crypto markets have already suffered big declines in 2022.