Traders betting against crypto stocks have raked in nearly $4 billion this year
— Raked, Betting, S3, Partners, Billion, Traders, Nearly, Short, Stock, Crypto, Shortsellers, Stocks, Interest, Microstrategy — 1 min read
Short sellers in the crypto sector have realized mark-to-market profits of over $3.8 billion this year as of June. Traders betting against crypto-related stocks have realized a 126% return on an average $3 billion short interest so far this year. Shorting of these stocks has ramped up this month, with $71 million of new short selling in less than two weeks. The most profitable industries to short outside of crypt-related names have been automobile & components, up 54%; software and services, up 50%; and retail, up 46% in 2022, S3 Partners says. Source