Block Emerges as Least Shorted Crypto-Related Stock Among Large and Mid-Cap Firms in October
In October, Block (SQ) stood out among mid, large, and mega-cap companies for having the lowest short interest within the crypto-exposed sector. This positioning comes despite a volatile month for digital assets, where Bitcoin prices faced significant downward pressure. Market sentiment for cryptocurrencies was negatively impacted by a major security breach at Binance on October 29, which resulted in a $6.3 billion loss. While Bitcoin saw periods of improvement, it ultimately closed in the red during 17 out of 31 trading sessions throughout the month.
Topics: Binance Bitcoin Cybersecurity Market Volatility
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Part of the story CleanSpark Reports Highest Short Interest Among Small and Mid-Cap Firms in October (2 articles)