Home » News » $MARA ..Bitcoin & Short Squeeze Play. on the move Mon/Tues. 45% short float (50M+ short internet. large Failed To Deliver due to settle Mon/Tues. High borrow cost/rate. On Threshold list. Analyst Buy rating. (Reddit Bitcoin)

$MARA ..Bitcoin & Short Squeeze Play. on the move Mon/Tues. 45% short float (50M+ short internet. large Failed To Deliver due to settle Mon/Tues. High borrow cost/rate. On Threshold list. Analyst Buy rating. (Reddit Bitcoin)

MARAs peak/Spike in Dec FTDs came 3-4 days after CVNA’s Peak. (indicating those Dec FTDs are likely due to settle Monday.. or possibly Tuesday).

Also- Fail to Delivers continued to increase in Jan (only have data though 1/13).. likely imcreasingly higher since. And the FTDs have been at increasing prices (vs periods when prices were falling).. So the market continuing to move higher has caught them off guard – and screwed previous advantages that have probably been used to exploit FTD loopholes.

MARA shows a peak in FTD the final day of the recent report (1/13)… So in addition to the over 50M Short Interest (45% of float) & Dec FTDs… MARA has a runway of FTDs that are going to have to be settled.

.. MARA is also likely to get rollover profits from squeezes last week (since they have the 4th highest short float.. and are one of the few at the top of the list that didn’t spike last week. once the squeeze gets started (probably after $9.50 area).. MARA has a lot of room on the upside as a big chunk of those 50M+ shorts shares cover.

Shorts know there is now a limit to potential downside now (mara holds BItcoins worth $200M.. and mined close to $20M worth in Jan (and hasn’t even completes its rampped up capacity .. will be around mid summer). So the risk/reward also indicate its time to cover.. but it appears they got trapped to some extent by the timing of the sustained market rally- and have increased short position in an attempt to scare buyers away.

Friday’s 10% drop was manipulation preceeding the pop (& squeeze). Last similar 10% drop was followed by 50% jump the next couple of days. Also- its 50M short interest is an all time high. (& Not that fundamentals matter with a SSqueeze, but MARA is Buy rated by analyst).

submitted by /u/InvestorCoast
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