According to Bloomberg (@business), several prominent hedge funds, including Michael Burry’s Scion Asset Management, have disclosed significant short positions against US Treasuries, citing rising interest rates and inflationary pressures (source: Bloomberg, June 2024). This bearish sentiment towards government bonds is fueled by expectations of continued Federal Reserve tightening, which historically leads to bond price declines and higher yields. For crypto traders, these macro trends may drive increased volatility in Bitcoin and Ethereum, as institutional investors seek alternative assets during bond market stress (source: CoinDesk, June 2024). Traders should monitor Treasury yields and Fed policy announcements closely, as shifts in bond markets can trigger capital flows into or out of digital assets.

According to AltcoinGordon on Twitter, traders are closely monitoring for the next tweet from influential figure Elon Musk (referred to as 'Elon Gork') to potentially set up a 'Big short' trading opportunity. Historical analysis shows that Musk's tweets have previously caused significant price volatility in major cryptocurrencies such as Bitcoin and Dogecoin, presenting both risk and potential profit for short sellers (source: AltcoinGordon, 2025-05-05). Traders are advised to track social media sentiment and be prepared for rapid market moves following any new statements from Musk.