Data: In the past 30 days, the short selling amount of crypto mining stocks hit a new high this year, reaching US$4.6 billion

CoinVoice has recently learned that according to short-selling research firm S3 Partners, short selling against Bitcoin mining stocks has surged 50% to $4.6 billion in the past 30 days.

This is the highest level in 2024. The share prices of Bitcoin mining companies such as Riot, Marathon Digital and CleanSpark have risen by 86%, 55% and 73% respectively since September, far exceeding the increase in Bitcoin.

Matthew Unterman, managing director of S3 Partners, said he believes such a rapid rise could trigger a short squeeze and lead to market turmoil. [Original link]