According to @ai_9684xtpa monitoring, a certain ETH band whale that has been positioned squaring ETH sell short positions and profiting is suspected to have started buying again. It is reported that the ETH band whale has passed 25 band operations (20 profits and 5 losses), with a total profit exceeding $10 million.
According to on-chain analyst Ember monitoring, the number of ETH sold short by investors in a certain band reached 21,613 ETH, and now the floating loss has expanded to 3.76 million dollars (about 22 hours ago the floating loss was 1.44 million dollars).
According to sell short research firm S3 Partners, short sales of bitcoin mining stocks have surged 50% in the past 30 days to $4.60 billion. This is the highest level in 2024. Shares of bitcoin miners Riot, Marathon Digital and CleanSpark have risen 86%, 55% and 73% respectively since September, far outpacing bitcoin's gains. Matthew Unterman, managing director of S3 Partners, said he believes such a rapid rise could trigger a sell short squeeze and lead to market turmoil.
Shares of Iris Energy (IREN) fell nearly 14% yesterday after Culper Research released a sell short report stating that bitcoin miner Iris Energy's Childress, Texas plant is not suitable for artificial intelligence (AI) or high-performance computing (HPC). However, brokerage Bernstein said in a research note that it has used most of the planned expansion of the site for bitcoin (BTC) mining and...