My thoughts on my current CLSK position:
- Underperformance against BTC and other stocks in the segment in recent weeks and months
- Successive increase in the short ratio since April to 22.11%
- Miners were shorted in pair trades by large institutions as a hedge on long positions - Matthew Schultz CEO Cleanspark recently reported on this in an interview with RexFinance
- Citron recently reported a short position on $MSTR (+8,98 %) serving as a hedge while they remain bullish on crypto
Are we now seeing a shift in favor of miners?
What happens to miners when long positions in crypto are closed?
Will the short positions also be covered or will the miners even be included as long positions while e.g. $MSTR (+8,98 %) or $COIN (+0,27 %) are increasingly shorted as hedges?
I will stay invested and see.
Any opinions on this?