@DipBender just don't want to be long spot anymore (these are hedges).
there are many reasons but mostly everything is taking too long to go up whilst having very good catalysts: loads of btc company treasuries, ETH staking etf, sol etf and so on.
@0xMiaWallace only shorted btc because i was holding the same amount in spot and didn't want to have any crypto exposure at that time, now i'm closing out the shorts and thereby going net long again