ChainCatcher news, according to Cointelegraph, Glassnode's report on July 24 shows that over 75% of short-term Bitcoin holders have realized profits due to Bitcoin's recent rebound. The report indicates that this rebound has surpassed the cost basis of short-term holders, allowing 75% of the assets in their holdings to return to an unrealized profit level.Despite the rebound in Bitcoin's price, it faces significant resistance at the $68,000 level, which is expected to trigger over $700 million in short liquidations. Well-known cryptocurrency analyst Rekt Capital pointed out that Bitcoin needs to maintain stability at the current support level of $65,000 to sustain its upward momentum. If the price can break through $68,500, short liquidations could exceed $1 billion.

ChainCatcher news, according to Cointelegraph, multiple institutions are bearish on Microstrategy's stock, with short positions reaching $6.9 billion. However, the confidence of short sellers seems to be waning, as Microstrategy's stock price has nearly doubled in six months.The largest position is approximately $2.4 billion. The short ratio of MicroStrategy stock has decreased from 3.1 days to 1.5 days over the past six months, a reduction of nearly 50%.Kerrisdale Capital believes that after several spot Bitcoin ETFs were approved this year, investors may have no reason to trade MicroStrategy stock for Bitcoin exposure.

ChainCatcher news, ORTEX indicates that GameStop short sellers are set to lose $1.2 billion based on a pre-market price of $48.75 on Tuesday. As GameStop's stock price soared on Tuesday, GameStop short sellers have lost $2.5 billion so far this month.

ChainCatcher news, the rise in Bitcoin prices has helped MicroStrategy's stock price increase by 180% year-to-date. According to data disclosed by S3 Partners, short sellers of MicroStrategy stock have lost approximately $3.3 billion year-to-date. If short sellers are forced to buy back shares to cover their losses, MicroStrategy's stock price may rise further and squeeze the short sellers.

ChainCatcher news, since Bitcoin hit a three-month low of $25,152 on September 11, it has rebounded by 75% to the current $43,924, causing cryptocurrency stock short-term traders to lose over $2.6 billion in less than three months.According to the latest report from financial data company S3 Partners, cryptocurrency stocks represented by Coinbase and MicroStrategy have followed Bitcoin's lead, with Coinbase's stock price rising 51% in the past month to $143.63 amid Bitcoin's strong rebound; MicroStrategy, which holds about $6.6 billion in Bitcoin, has seen its stock price increase by 82% since October, reaching $568.88.The huge stock price fluctuations have led cryptocurrency stock short sellers to lose $2.656 billion in the past three months, with over 50% of the losses coming from shorting Coinbase stock, and another 25% of the losses from shorting MicroStrategy stock.

ChainCatcher news, according to DL News, short sellers on Coinbase have lost $210 million in just the past 30 days. As Coinbase's stock price has soared, this trading group has accumulated losses of $2.2 billion this year.However, currently, the percentage of shorted shares to the total shares outstanding is about 13%, which means Coinbase is still favored by short sellers.

ChainCatcher news, data from S3 Partners shows that the stock price of cryptocurrency-friendly bank Silvergate Capital has fallen about 98% from its peak in November 2021, during which short sellers have made approximately $780 million in profits based on market capitalization, with over $190 million just last week. About 85% of Silvergate's outstanding shares are shorted, making it one of the most shorted stocks in the U.S. market.Additionally, investors are using put options to short Silvergate. S3's predictive analytics head Ihor Dusaniwsky stated that traders seeking to increase their short exposure are now severely hindered by a lack of borrowable shares and rising financing costs. (Bloomberg)