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#BTC #🔥 Bitcoin rally causes 6 billion USD losses for short sellers in the sector MicroStrategy, which has risen by over 300% this year, has increased the losses of the crypto shorts by another 1.4 billion USD. 📉 Traders who bet on price declines in crypto companies like Coinbase, MicroStrategy and Marathon have accumulated paper losses of 6 billion USD so far this year. 📈 The over 165% increase in Bitcoin drives the profits in crypto stocks, which are strongly linked to the price of the digital currency. The optimism has increased the chances of a short squeeze, where growth forces the short sellers to buy back the stocks they have bet against, to exit their loss positions, which drives the stock prices even higher. 🏦 Coinbase has caused the most pain for short sellers who have bet against the sector this year. The 330% increase in the company has led to losses of about 3.5 billion USD. TL;DR +----------------------------------------------------------+ | | | 🔥 Bitcoin Rally Burns Short Sellers 🔥 | | | | 📉 6 Billion USD Losses in Crypto Sector 📉 | | | | 📈 Bitcoin and Crypto Stocks Soar 📈 | | | | 🏦 Coinbase and MicroStrategy Lead the Charge 🏦 | | | +----------------------------------------------------------+ #BTC $BTC

#BTC #🔥 Bitcoin rally causes 6 billion USD losses for short sellers in the sector

MicroStrategy, which has risen by over 300% this year, has increased the losses of the crypto shorts by another 1.4 billion USD.

📉 Traders who bet on price declines in crypto companies like Coinbase, MicroStrategy and Marathon have accumulated paper losses of 6 billion USD so far this year.

📈 The over 165% increase in Bitcoin drives the profits in crypto stocks, which are strongly linked to the price of the digital currency.

The optimism has increased the chances of a short squeeze, where growth forces the short sellers to buy back the stocks they have bet against, to exit their loss positions, which drives the stock prices even higher.

🏦 Coinbase has caused the most pain for short sellers who have bet against the sector this year. The 330% increase in the company has led to losses of about 3.5 billion USD.

TL;DR

+----------------------------------------------------------+

| |

| 🔥 Bitcoin Rally Burns Short Sellers 🔥 |

| |

| 📉 6 Billion USD Losses in Crypto Sector 📉 |

| |

| 📈 Bitcoin and Crypto Stocks Soar 📈 |

| |

| 🏦 Coinbase and MicroStrategy Lead the Charge 🏦 |

| |

+----------------------------------------------------------+

#BTC $BTC

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Since the launch of the US spot Bitcoin ETFs, the six largest European Bitcoin ETPs have seen a total outflow of $133.5 million, including $8.5 million today. This indicates that investors are rebalancing their portfolios to the more efficient and cost-effective US ETFs. Why is it more cost-effective for a Bitcoin investment by buying a Bitcoin ETF? A Bitcoin ETF is an exchange-traded fund that tracks the price of Bitcoin and allows investors to buy and sell shares of the fund on a stock exchange. Bitcoin ETFs offer several advantages over direct methods of investing in Bitcoin, such as: - Lower fees: Bitcoin ETFs typically have lower expense ratios than Bitcoin ETPs, wallets, or exchanges. For example, the Bitwise Bitcoin ETF (BITB) has the lowest expense ratio of all the new Bitcoin funds, at 0.20%. - Higher liquidity: Bitcoin ETFs are traded on major stock exchanges, which means they have higher trading volumes and liquidity than other Bitcoin products. This makes it easier for newbie whale investors to buy and sell shares of the fund at any time. - Greater security: Bitcoin ETFs do not require investors to hold or store Bitcoin themselves, which eliminates the risk of hacking, theft, or loss of private keys. Bitcoin ETFs are also regulated, which provides more oversight and protection for investors. - Tech foolproof: Let's be honest. Not everyone interested in investing their fiat is tech-savvy. Just look at how many user errors costing lost of funds upwards of millions of dollars. ETFs serve this niche market for volatile digital assets. Therefore, you may want to consider buying a Bitcoin ETF as a more cost-effective solution for Bitcoin investment. However, you should also be aware of the risks and challenges involved in investing in Bitcoin, such as volatility, regulation, taxation, and competition. You should do your own research and consult a financial advisor before making any investment decisions. $BTC $ETH $BNB #BitcoinETF💰💰💰 #Europe
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