Short Sellers Bet $11 Billion That Crypto Stock Rally Won’t Last

60
Comment
1

Short Sellers Bet $11 Billion That Crypto Stock Rally Won’t Last

Bloomberg03-27

MicroStrategy and Coinbase lead contrarian trades, S3 saysMany names in the crypto sector are set up for short squeezes(Bloomberg) -- Short sellers are still betting billions of dollars that the rally...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

KSR
·03-28
👍
Reply
Like
Report

Most Discussed

7x24

All

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/2422294641?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-03-27 13:43","share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","id":"2422294641","market":"us","top_or_hot":-1,"title":"Short Sellers Bet $11 Billion That Crypto Stock Rally Won’t Last","media":"Bloomberg","content":"<div>\n<p>MicroStrategy and Coinbase lead contrarian trades, S3 saysMany names in the crypto sector are set up for short squeezes(Bloomberg) -- Short sellers are still betting billions of dollars that the rally...</p>\n\n<a href=\"https://finance.yahoo.com/news/short-sellers-bet-11-billion-163218800.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Short Sellers Bet $11 Billion That Crypto Stock Rally Won’t Last</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nShort Sellers Bet $11 Billion That Crypto Stock Rally Won’t Last\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-03-27 13:43 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/short-sellers-bet-11-billion-163218800.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>MicroStrategy and Coinbase lead contrarian trades, S3 saysMany names in the crypto sector are set up for short squeezes(Bloomberg) -- Short sellers are still betting billions of dollars that the rally...</p>\n\n<a href=\"https://finance.yahoo.com/news/short-sellers-bet-11-billion-163218800.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BRRR","symbol_name":"Valkyrie Bitcoin Fund","start_time":0,"source_url":"https://finance.yahoo.com/news/short-sellers-bet-11-billion-163218800.html","article_id":"2422294641","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2422294641","pubTimestamp":1711518185,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":" -- Short sellers are still betting billions of dollars that the rally in cryptocurrency-linked stocks fueled by a surge in Bitcoin will eventually end.Trump’s Net Worth Hits $6.5 Billion, Making Him One of World’s 500 Richest People. Trump Vows to Pay Fraud Trial Bond Cut by 68% to $175 Million. Total short interest, or the amount that contrarian traders have pledged against crypto stocks, has increased to nearly $11 billion this year, according to a report from S3 Partners LLC on Monday. More than 80% of total short interest in the sector are bets against MicroStrategy Inc. and Coinbase Global Inc.Over the last 30 days, traders betting against crypto-linked stocks have increased their positions, especially in MicroStrategy even as its shares climbed. Traders have poured $974 million into bets that the enterprise software maker will fall. That’s more than offset short covering — or contrarians buying back stock to exit trades — in shares of Coinbase, Marathon Digital Holdings Inc. and","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BRRR":"Valkyrie Bitcoin Fund","BTCW":"WisdomTree Bitcoin Fund","MSTR":"MicroStrategy Incorporated","BITB":"Bitwise Bitcoin ETF","DEFI":"Hashdex Bitcoin ETF","BK4594":"比特币ETF概念","BK4585":"ETF&股票定投概念","IBIT":"iShares Bitcoin Trust","HODL":"VanEck Bitcoin Trust ETF","GBTC":"Grayscale Bitcoin Trust","BK4588":"碎股","BITO":"ProShares Bitcoin Strategy ETF","ARKB":"ARK 21Shares Bitcoin ETF","FBTC":"Fidelity Wise Origin Bitcoin Fund","BTCO":"Invesco Galaxy Bitcoin ETF","EZBC":"Franklin Bitcoin ETF","COIN":"Coinbase Global, Inc."},"translate_title":"卖空者押注110亿美元，认为加密股票反弹不会持续","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BITB":1,"IBIT":1,"HODL":1,"GBTC":1,"FBTC":1,"EZBC":1,"DEFI":1,"BTCW":1,"BTCO":1,"BRRR":1,"BITO":1,"ARKB":1,"COIN":0.9,"MSTR":0.9},"content_text":"MicroStrategy and Coinbase lead contrarian trades, S3 saysMany names in the crypto sector are set up for short squeezes(Bloomberg) -- Short sellers are still betting billions of dollars that the rally in cryptocurrency-linked stocks fueled by a surge in Bitcoin will eventually end. Total short interest, or the amount that contrarian traders have pledged against crypto stocks, has increased to nearly $11 billion this year, according to a report from S3 Partners LLC on Monday. More than 80% of total short interest in the sector are bets against MicroStrategy Inc. and Coinbase Global Inc.Paper losses for the group have mounted to nearly $6 billion as a more than 65% year-to-date run for Bitcoin has lifted the rest of the sector. Still, the cohort is doubling down on such positions. “Crypto stock short sellers have been selling into a rallying market – either looking for a pullback in the Bitcoin rally or using the short positions as a hedge versus actual Bitcoin holdings,” Ihor Dusaniwsky, managing director of predictive analytics at S3, said in the report. Over the last 30 days, traders betting against crypto-linked stocks have increased their positions, especially in MicroStrategy even as its shares climbed. Traders have poured $974 million into bets that the enterprise software maker will fall. That’s more than offset short covering — or contrarians buying back stock to exit trades — in shares of Coinbase, Marathon Digital Holdings Inc. and Hive Digital Technologies Ltd. in that period, per S3. The increase has pushed total short interest in MicroStrategy higher, taking up more than 20% of its total float, or shares outstanding, per S3. The company is now one of the most-shorted stocks in the US market, stacking up against much bigger companies such as Nvidia Corp., Microsoft Corp. and Apple Inc. Of course, there could be more pain ahead for short sellers if their bets against crypto-linked stocks are incorrect. Many names in the group are poised for short squeezes, a phenomenon where short sellers are forced to buy the stock back to exit losing positions and in doing so push the price higher, further pressuring other traders. MicroStrategy, Coinbase and Cleanspark Inc. are all poised for a squeeze given their rally and a limited amount of available shares left to short, according to the S3 report. So far this year, MicroStrategy is up almost 200%, while Coinbase and Cleanspark are up about 60% and 115%, respectively.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":0},"commentList":[{"id":289050458783968,"gmtCreate":1711593415488,"gmtModify":1711593418181,"author":{"id":"4121076730674632","authorId":"4121076730674632","name":"KSR","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":1},"htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/289050458783968","repostId":2422294641,"repostType":2,"repost":{"id":"2422294641","pubTimestamp":1711518185,"share":"https://www.laohu8.com/m/news/2422294641?lang=&edition=full","pubTime":"2024-03-27 13:43","market":"us","language":"en","title":"Short Sellers Bet $11 Billion That Crypto Stock Rally Won’t Last","url":"https://stock-news.laohu8.com/highlight/detail?id=2422294641","media":"Bloomberg","summary":" -- Short sellers are still betting billions of dollars that the rally in cryptocurrency-linked stocks fueled by a surge in Bitcoin will eventually end.Trump’s Net Worth Hits $6.5 Billion, Making Him One of World’s 500 Richest People. Trump Vows to Pay Fraud Trial Bond Cut by 68% to $175 Million. Total short interest, or the amount that contrarian traders have pledged against crypto stocks, has increased to nearly $11 billion this year, according to a report from S3 Partners LLC on Monday. More than 80% of total short interest in the sector are bets against MicroStrategy Inc. and Coinbase Global Inc.Over the last 30 days, traders betting against crypto-linked stocks have increased their positions, especially in MicroStrategy even as its shares climbed. Traders have poured $974 million into bets that the enterprise software maker will fall. That’s more than offset short covering — or contrarians buying back stock to exit trades — in shares of Coinbase, Marathon Digital Holdings Inc. and","content":"<html><head></head><body><ul style=\"\"><li><p>MicroStrategy and Coinbase lead contrarian trades, S3 says</p></li><li><p>Many names in the crypto sector are set up for short squeezes</p></li></ul><p>(Bloomberg) -- Short sellers are still betting billions of dollars that the rally in cryptocurrency-linked stocks fueled by a surge in Bitcoin will eventually end. </p><p>Total short interest, or the amount that contrarian traders have pledged against crypto stocks, has increased to nearly $11 billion this year, according to a report from S3 Partners LLC on Monday. More than 80% of total short interest in the sector are bets against MicroStrategy Inc. and Coinbase Global Inc.</p><p>Paper losses for the group have mounted to nearly $6 billion as a more than 65% year-to-date run for Bitcoin has lifted the rest of the sector. Still, the cohort is doubling down on such positions. </p><p>“Crypto stock short sellers have been selling into a rallying market – either looking for a pullback in the Bitcoin rally or using the short positions as a hedge versus actual Bitcoin holdings,” Ihor Dusaniwsky, managing director of predictive analytics at S3, said in the report. </p><p>Over the last 30 days, traders betting against crypto-linked stocks have increased their positions, especially in MicroStrategy even as its shares climbed. Traders have poured $974 million into bets that the enterprise software maker will fall. That’s more than offset short covering — or contrarians buying back stock to exit trades — in shares of Coinbase, <a href=\"https://laohu8.com/S/MARA\">Marathon Digital Holdings Inc</a>. and Hive Digital Technologies Ltd. in that period, per S3. </p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/3a2637f14ee100ba5a26a1f594b6d21f\" tg-width=\"624\" tg-height=\"584\"/></p><p>The increase has pushed total short interest in MicroStrategy higher, taking up more than 20% of its total float, or shares outstanding, per S3. The company is now one of the most-shorted stocks in the US market, stacking up against much bigger companies such as Nvidia Corp., Microsoft Corp. and Apple Inc. </p><p>Of course, there could be more pain ahead for short sellers if their bets against crypto-linked stocks are incorrect. Many names in the group are poised for short squeezes, a phenomenon where short sellers are forced to buy the stock back to exit losing positions and in doing so push the price higher, further pressuring other traders. </p><p>MicroStrategy, Coinbase and Cleanspark Inc. are all poised for a squeeze given their rally and a limited amount of available shares left to short, according to the S3 report. So far this year, MicroStrategy is up almost 200%, while Coinbase and Cleanspark are up about 60% and 115%, respectively.  </p></body></html>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Short Sellers Bet $11 Billion That Crypto Stock Rally Won’t Last</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nShort Sellers Bet $11 Billion That Crypto Stock Rally Won’t Last\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-03-27 13:43 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/short-sellers-bet-11-billion-163218800.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>MicroStrategy and Coinbase lead contrarian trades, S3 saysMany names in the crypto sector are set up for short squeezes(Bloomberg) -- Short sellers are still betting billions of dollars that the rally...</p>\n\n<a href=\"https://finance.yahoo.com/news/short-sellers-bet-11-billion-163218800.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BRRR":"Valkyrie Bitcoin Fund","BTCW":"WisdomTree Bitcoin Fund","MSTR":"MicroStrategy Incorporated","BITB":"Bitwise Bitcoin ETF","DEFI":"Hashdex Bitcoin ETF","BK4594":"比特币ETF概念","BK4585":"ETF&股票定投概念","IBIT":"iShares Bitcoin Trust","HODL":"VanEck Bitcoin Trust ETF","GBTC":"Grayscale Bitcoin Trust","BK4588":"碎股","BITO":"ProShares Bitcoin Strategy ETF","ARKB":"ARK 21Shares Bitcoin ETF","FBTC":"Fidelity Wise Origin Bitcoin Fund","BTCO":"Invesco Galaxy Bitcoin ETF","EZBC":"Franklin Bitcoin ETF","COIN":"Coinbase Global, Inc."},"source_url":"https://finance.yahoo.com/news/short-sellers-bet-11-billion-163218800.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2422294641","content_text":"MicroStrategy and Coinbase lead contrarian trades, S3 saysMany names in the crypto sector are set up for short squeezes(Bloomberg) -- Short sellers are still betting billions of dollars that the rally in cryptocurrency-linked stocks fueled by a surge in Bitcoin will eventually end. Total short interest, or the amount that contrarian traders have pledged against crypto stocks, has increased to nearly $11 billion this year, according to a report from S3 Partners LLC on Monday. More than 80% of total short interest in the sector are bets against MicroStrategy Inc. and Coinbase Global Inc.Paper losses for the group have mounted to nearly $6 billion as a more than 65% year-to-date run for Bitcoin has lifted the rest of the sector. Still, the cohort is doubling down on such positions. “Crypto stock short sellers have been selling into a rallying market – either looking for a pullback in the Bitcoin rally or using the short positions as a hedge versus actual Bitcoin holdings,” Ihor Dusaniwsky, managing director of predictive analytics at S3, said in the report. Over the last 30 days, traders betting against crypto-linked stocks have increased their positions, especially in MicroStrategy even as its shares climbed. Traders have poured $974 million into bets that the enterprise software maker will fall. That’s more than offset short covering — or contrarians buying back stock to exit trades — in shares of Coinbase, Marathon Digital Holdings Inc. and Hive Digital Technologies Ltd. in that period, per S3. The increase has pushed total short interest in MicroStrategy higher, taking up more than 20% of its total float, or shares outstanding, per S3. The company is now one of the most-shorted stocks in the US market, stacking up against much bigger companies such as Nvidia Corp., Microsoft Corp. and Apple Inc. Of course, there could be more pain ahead for short sellers if their bets against crypto-linked stocks are incorrect. Many names in the group are poised for short squeezes, a phenomenon where short sellers are forced to buy the stock back to exit losing positions and in doing so push the price higher, further pressuring other traders. MicroStrategy, Coinbase and Cleanspark Inc. are all poised for a squeeze given their rally and a limited amount of available shares left to short, according to the S3 report. So far this year, MicroStrategy is up almost 200%, while Coinbase and Cleanspark are up about 60% and 115%, respectively.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":60,"commentSize":0,"repostSize":2,"favoriteSize":1,"likeStatus":false,"favoriteStatus":false}}