Bitcoin [BTC] prices turn the tides for traders; Is more FUD to be expected

Over the last three months, there has been a considerable advance in the price of Bitcoin [BTC], but current market activity points to a corrective phase. Massive short positions against BTC have been placed by institutional investors, with the percentage of short holdings rising from 47% to 50.6%. Although miner revenue has decreased, mining company stock prices have increased. The best performer is Core Scientific, whose enormous debt helped to enhance its equity during the market’s uptrend. Other top achievers include Digihost, Cypher, Riot, Iris Energy, and Marathon. The revenue of the miners may or may not increase in step with the Crypto Mining Stock Index.

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