@Kanye-Invest once asked Gemini, the main reasons were recovery after a technical selling phase, as well as increasing risk appetite. Also:
1. massive short covering (covering short sales) Market data from this morning shows that the number of short positions has fallen by an impressive 75% on a daily basis. This indicates that short sellers who had bet on falling prices have had to close out their positions on a massive scale. This often triggers buying pressure, which drives the share price upwards (a so-called short squeeze on a smaller scale).
PS: Incidentally, this is also the reason why I parted company with $IREN a few weeks after the Microsoft deal. There was only talk of start-up financing from Microsoft, favorable debt restructuring and convertible bonds. The ATM measures, which then began to intensify, were hushed up. Incidentally, the next ATM program for the coming months was decided at the end of February. That reinforced my decision to sell at the time. It somehow gave me new market vibes. It is impossible for me to forecast EPS for the next few years.
