Data: Traders shorting MicroStrategy have lost over $6 billion so far this year

ChainCatcher news, according to a report by Reuters, since Bitcoin soared to an all-time high on November 6, short sellers of cryptocurrency and blockchain-related stocks have suffered significant losses. Data analytics firm Ortex revealed that from November 6 to November 8, traders shorting MicroStrategy (MSTR.O) lost over $1.2 billion, with losses exceeding $6 billion year-to-date.

As of the close on November 8, short sellers of cryptocurrency exchange operator Coinbase Global, crypto mining companies Riot Platform, MARA Holdings, and Bitfarms have collectively lost about $1.2 billion. Additionally, since November 6, investors shorting BlackRock's Bitcoin exchange-traded fund iShares Bitcoin Trust have lost nearly $37 million.