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HUT 8 Tanks After Short (Patreon)

Published:
2024-01-19 06:14:09
Imported:
2024-01

Content

Ever since the Ethereum moved to proof of stake the hut 8  - it absolutely tanked in my model reviews.

I am happy to see the model sees what now the shortsellers see

  1. The report by JCapital Research raises concerns about Hut 8's merger with U.S. Bitcoin Corp (USBTC) and its potential impact on Hut 8 investors.
  2. JCapital claims that USBTC has a history of legal trouble and is backed by individuals with a history of securities violations.
  3. Hut 8 CEO Jaime Leverton rang the opening bell at the Nasdaq Headquarters to celebrate the merger completion, while the company has continued to increase its self-mined Bitcoin stash despite market headwinds.

Here This is current status right now now it appears the short sellers have picked up on my model. 


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Comments

Anonymous

MSTR & miners continue to take a pounding …. Why does GBTC show least declines, compared to the other BTC ETF’s ….

Anonymous

I guess -60% over the 5-day is worse than the -30% our Miners are experiencing. I’m hoping for the reversal. I may pull a “Break Even Soy-Boy” maneuver as Ivan puts it regarding these Miners. I don’t really like playing the proxy game. It’s not for me. I’ll keep my pure form.