Will Shorts have to cover soon, due to crypto crash ?Over a month ago, our resident short (s) mentioned on yahoo that they were heavily invested in crypto and specifically bitcoin.(ie their number 1 investment) With the crypto market crashing all over the world, they have to be feeling a major financial crunch which will only get worse over the summer with hedge funds going bankrupt and additional rounds of panic crypto selling. (ie Half of the people that invest in crypto just got into it this year and they are already down 50% and counting.)
With our 2nd quarter closing in the next 10 days, any production updates will also put more pressure on those positions.
I think it happens in the next 2-6 weeks.