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News Explorer — Short Sellers of Crypto Stocks Have Lost Over $2.6 Billion in Less Than Three Months

Generated by AI, curated by humans


Dec 6, 11:07 pm
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Short Sellers of Crypto Stocks Have Lost Over $2.6 Billion in Less Than Three Months

Short sellers of crypto stocks have suffered losses of over $2.6 billion in less than three months due to Bitcoin's aggressive rebound. The price of Bitcoin has surged by 75% since September 11, causing stocks like Coinbase and MicroStrategy to also rise significantly. Short sellers of Coinbase stock accounted for over 50% of the losses, while shorting MicroStrategy stock contributed to 25% of the losses.

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