Short sellers are still betting billions of dollars that the rally in cryptocurrency-linked stocks fueled by a surge in Bitcoin will eventually end.
“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.
Source: News Formal (newsformal.com)
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