Mackmike
06-17

Once again a great analysis by barcode, I fully agree and await the lift in price 😊

@Barcode：$CleanSpark, Inc.(CLSK)$ $CME Bitcoin - main 2506(BTCmain)$ 🚨🪙⚡️📉🧠📈 🧠 CleanSpark’s Short Squeeze Exit Plan: Hashrate Rising, Shorts Retreating The short side is ceding ground. After months as one of the most shorted Bitcoin mining stocks, $CLSK has finally seen its open short interest start to fall, hard. The latest update shows open short interest now down to 117M (from a peak of 161M), with the short ratio declining to 12.27%. Days to cover dropped from 5.81 to 3.89. That’s a signal of exhaustion from the bears, not strength. CleanSpark is likely to exit the top three most-shorted miners this week if this trend holds. Given the magnitude of short capitulation, paired with improving price action, the risk-reward structure has shifted sharply. 🎯 Fundamental Independence: 12,500 Bitcoin and Counting CLSK’s narrative remains remarkably distinct from its peers. Since late 2024, not a single equity raise has been used to fund operations. Instead, it’s been purely organic, self-mined growth powered by smart scaling and disciplined treasury management. The company now holds over 12,500 BTC, all mined in-house. At current BTC prices, that’s a balance sheet fortress worth over $1.25B and growing daily. Just this week, CLSK mined 23.5 BTC, generating over $2.57M in revenue in a single day. That implies a hashrate of approximately 48 EH/s, even as global network difficulty remains elevated. CLSK isn’t blinking. It’s outperforming. 💥 Technical Breakout Brewing On the weekly chart, CLSK has reclaimed all key moving averages: • MA5: 9.53 • MA10: 8.97 • MA20: 8.90 • MA30: 9.99 The RSI(6) has climbed to 64.59, with higher lows forming across all momentum indicators. MACD continues to build bullish histogram momentum and is on the verge of flipping positive. Structurally, the chart suggests this is wave 1 in a broader Elliott impulsive pattern. The next target? A break of $11.35 to confirm bullish continuation. The stock bottomed at $6.45 and is consolidating above $10.10, with volume climbing to 30.42M. If it holds above $10.12 on strength, the next resistance at $11.35 could fall quickly and trigger a short squeeze extension towards $14 to $16. 🔎 On-Chain Trends: Hashrate Steady, Difficulty Normalising Bitcoin’s global hash rate remains firm around 900 EH/s, and network difficulty is holding steady. This is the sweet spot for high-efficiency miners like CleanSpark. The company’s operations are not only maintaining uptime during high-difficulty phases, they’re accelerating production. That’s something competitors like $RIOT and $MARA are struggling with amid cost restructuring. 📊 Capital Flow and Sentiment Shift Retail sentiment is beginning to turn. With short interest finally declining and institutional ownership climbing, as seen in recent 13F updates, CLSK is beginning to attract smarter money. It’s one of the few miners that didn’t need dilution to scale in 2025, giving it a cleaner float and greater leverage to BTC upside. The short volume on 09 June was 3.73M against a total volume of 30.42M, down to 12.27%, confirming lower pressure on upticks. This is one of the cleanest setups in the mining space right now. 🧠 Unique Insight: CLSK Is the Tesla of Bitcoin Miners Where most miners operate with high CapEx burn and constant equity raises, CleanSpark is positioning itself as a vertically integrated, hyper-efficient mining enterprise. Their operational gearing to Bitcoin is more Tesla-like than industrial, lean, adaptive, and cash-efficient. Where $RIOT spends, CLSK mines. Where $MARA dilutes, CLSK holds. The gap in capital strategy is beginning to show up in price performance. 🔭 What I’m Watching Next 1. A clean break of $11.35 to complete wave 1 2. Bitcoin breaking through $104K, CLSK trades with approximately 3 to 5 times the beta to BTC 3. Another leg lower in short interest, confirming a lasting sentiment reversal 📢 Don’t miss out! Like, Repost and Follow me for exclusive setups, cutting-edge trends, and insights that move markets 🚀📈 I’m obsessed with hunting down the next big movers and sharing strategies that crush it. Let’s outsmart the market and stack those gains together! 🍀 Trade like a boss! Happy trading ahead, Cheers, BC 📈🚀🍀🍀🍀 @Tiger_comments @TigerPicks @TigerClub @TigerStars @TigerWire @Daily_Discussion
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Comments

  • Barcode
    06-17
    Barcode
    I appreciate your kind words Mackmike 🙏🏼
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