The term "smart money" refers to investment capital that is typically controlled by institutional investors, market experts, or analytical traders who are considered to have a deeper understanding of the market dynamics. It is noteworthy that this group is currently implementing more aggressive hedging strategies for Bitcoin compared to Ether, indicating a stronger belief in the volatility or risk associated with Bitcoin. This differential approach highlights the varying perceptions of risk and opportunity between these two prominent cryptocurrencies, as discussed in the latest edition of the "Crypto Daybook Americas."