Analysis: Institutions have built a $6.9 billion net short position in MicroStrategy
According to Fintel analysis, institutions have established a net short position of $6.9 billion in MicroStrategy, the top cryptocurrency-related company, accounting for 23.14% of its market value, based on the largest short position list disclosed by institutions to the SEC. This high percentage indicates strong bearish sentiment or hedging. If market conditions change, a short squeeze may occur. In addition, Coinbase's net short position is $1.1 billion and Marathon's net short position is $100 million. (CryptoSlate)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Ethereum Poised for Recovery Against Bitcoin, Analyst Says
Harris breaks silence: pledges to support cryptocurrency investment
Harris publicly expressed support for increasing investment in the artificial intelligence and cryptocurrency industries for the first time. Analysts believe that the Biden administration should be the last anti-cryptocurrency administration.
Only 43% of users qualified for Hamster Kombat’s season 1 airdrop
Bitget Futures Bot adds ARKUSDT
We are pleased to announce that Bitget Futures Bot has now added: ARKUSDT. Reference 1. Futures Bot 2. Crash course on Futures Grid Disclaimer Despite high growth potential, cryptocurrencies still face high risks and volatility. You are strongly advised to do your own research as you invest at your
Trending news
MoreCrypto prices
More
