Traders short MicroStrategy have lost more than $6 billion so far this year

Odaily Planet Daily Report: Since Bitcoin soared to an all-time high on November 6, short sellers of cryptocurrency and blockchain-related stocks have suffered massive losses. Data analysis firm Ortex revealed that between November 6 and November 8, traders shorting MicroStrategy (MSTR.O) lost over $1.2 billion, and have lost over $6 billion so far this year. As of the close on November 8, short sellers of crypto exchange operator Coinbase Global, crypto miner Riot Platform, MARA Holdings, and Bitfarms have collectively lost around $1.2 billion. Additionally, since November 6, investors shorting the iShares Bitcoin Trust, BlackRock's Bit currency exchange-traded fund, have lost nearly $37 million. (Reuters)