$Marathon Digital Holdings Inc(MARA)$
Well, BTC is up and my portfolio of miners is down. It appears to me that hedge fund shorts cover and then short again at the higher price. They are always long on BTC, so they are always hedged.
I am not sure there is a solution. I suppose Institutional Investors could by a ton of shares and cause a massive short squeeze. If that happened a few times, the hedge funds would have to back off. It would be to every long's advantage, but it could be Institutions are happy with the incremental squeeze (10% - 15%) they expect as BTC goes on its expected run.
Right now, I think everyone is worrying about BTC. Will it keep going up or stall out for a week or so? I think it keeps going up.
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