Wall Street is MORE bearish on Bitcoin than gold right now. JPMorgan says that's exactly why Bitcoin has more upside, with gold ETFs recovering ALL their 2026 outflows while Bitcoin ETFs have recovered only HALF. BlackRock's IBIT has short interest near its highest level of the year while gold's GLD sits below its historical average. If this hedging unwinds, Bitcoin could get MORE support than gold because there are simply more shorts to cover, per JPMorgan.