Crypto short interest sees mixed response in July

In the month of July, the total market capitalization of cryptoassets surpassed $4 trillion [https://seekingalpha.com/news/4468746-crypto-market-cap-surpasses-4-trillion-amid-passage-of-us-stablecoin-bill] for the first time, following the passage of the first-ever federal legislation for stablecoins.

Bitcoin prices breached past $123K during the month.

Crypto-linked stocks saw a mixed response from short sellers, with an equal number of companies seeing short interest rise as well as fall.

Short interest in Strategy (NASDAQ:MSTR [https://seekingalpha.com/symbol/MSTR]) fell to 8.93% from 9.41% the previous month, while that in Coinbase Global (NASDAQ:COIN [https://seekingalpha.com/symbol/COIN]) declined to 4.95% from 6.95%. Riot Platforms (NASDAQ:RIOT [https://seekingalpha.com/symbol/RIOT]) saw short interest dip to 21.76% from 25.05% earlier. For Cleanspark (NASDAQ:CLSK [https://seekingalpha.com/symbol/CLSK]), it was down to 21.94% compared to 25.7% earlier.

Meanwhile, short interest in MARA Holdings (NASDAQ:MARA [https://seekingalpha.com/symbol/MARA]), Bitfarms (NASDAQ:BITF [https://seekingalpha.com/symbol/BITF]), HIVE Digital Technologies (NASDAQ:HIVE [https://seekingalpha.com/symbol/HIVE]) and Core Scientific (NASDAQ:CORZ [https://seekingalpha.com/symbol/CORZ]) rose to 28.88%, 9.07%, 5.16% and 20.7% respectively.

According to short interest data as of July 31, the short dollar volume in the crypto stocks was $17.11 billion compared to $18.50 billion the previous month.

In August so far, Bitcoin has had another record-breaking [https://seekingalpha.com/news/4485274-bitcoin-touches-another-high-amid-risk-on-sentiment-ether-climbs] run. On August 14, it hit $124.2K setting another record as investors bought riskier assets on expectations of Fed policy easing next month.
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