Short Sellers Bet $11 Billion Against Crypto Stocks, Despite $6 Billion in Losses
- Short sellers have bet nearly $11 billion that the crypto stock rally will end
- Over 80% of the bets are against MicroStrategy and Coinbase
- Short sellers have lost nearly $6 billion as Bitcoin has rallied 65% this year
- Traders are doubling down and increasing their short positions
- Several crypto stocks like MicroStrategy are at risk of short squeezes if prices keep rising
