Data: The short selling of cryptocurrency mining stocks in the past 30 days reached a record high for the year, totaling 4.6 billion dollars

2024-11-16 08:55:06

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ChainCatcher news, according to short-selling research firm S3 Partners, the short interest in Bitcoin mining stocks has surged by 50% over the past 30 days, reaching $4.6 billion.

This is the highest level for 2024, with Bitcoin mining stocks like Riot, Marathon Digital, and CleanSpark seeing price increases of 86%, 55%, and 73% respectively since September, far exceeding Bitcoin's gains.

Matthew Unterman, Managing Director at S3 Partners, stated that this rapid increase could trigger a short squeeze, leading to market volatility.

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