Bitcoin and Crypto Stocks Rally in 2024, Fueling Increase in Short Interest and Talk of Potential Short Squeezes

• Bitcoin has rallied over 58% this year, joining other major cryptocurrencies on an upward trend • Crypto-related stocks like MicroStrategy, Coinbase, and CleanSpark have also posted big gains
• Short interest in crypto stocks has climbed to $10.7B in 2024, up $3.7B year-to-date • MicroStrategy is seen as extremely vulnerable to a short squeeze due to high short interest • The article previously inaccurately stated MicroStrategy mines bitcoin; it only holds bitcoin