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Recent Bitcoin volatility: What's the way forward?
Bitcoin has risen 1.7%  to $70,600 in pre-market on April 8th. Bitcoin sees a significant sell-off on April 2nd, plunging below $67,000 with Show More
Bitcoin has risen 1.7%  to $70,600 in pre-market on April 8th. Bitcoin sees a significant sell-off on April 2nd, plunging below $67,000 with over 5% drop in a day. Recently, shorts target crypto-related stocks, particularly $MicroStrategy (MSTR.US)$ and $Coinbase (COIN.US)$ , in a $10.7 billion bearish bet, per S3 Partners. Other heavily shorted stocks include $Marathon Digital (MARA.US)$ , Riot Blockchain, and $CleanSpark (CLSK.US)$ . $MicroStrategy (MSTR.US)$ faces bearish pressure despite its bullish Bitcoin stance, with its stock trading at a 2.6x premium. CleanSpark's stock dips after an $800 million issuance.

Bitcoin's halving is expected on April 20th, 2024. It is expected in the next two weeks. Historically, Bitcoin prices have excelled after Bitcoin halved while crypto stocks have lagged. Bitcoin spot ETFs offer better value than crypto stocks. The crowded short positions may prompt a short squeeze.

📣Discussion: How will the recent surge in Bitcoin short interest affect your investment decisions?
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