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Bloomberg ETF analyst: IBIT short positions have significantly decreased, approaching the levels before the rise in April.
On November 25, Bloomberg ETF analyst Eric Balchunas posted on social media stating, “The short positions on IBIT have significantly decreased, although they were not high initially, accounting for only 2% of the outstanding shares, but now they have almost returned to the levels before the rise in April. S3 Partners pointed out that traders usually short when prices are strong and cover when they fall, and the analysis also included all ETFs for reference.”