在市場飆漲之際，賣空者紛紛湧入加密貨幣股票

在加密貨幣市場飆升的背景下，空頭交易者對加密貨幣股票的押注已達 110 億美元。這些賭注主要針對 MicroStrategy (MSTR) 和 Coinbase (COIN)，已導致帳面損失 60 億美元。儘管市場好轉，但考慮到比特幣上漲及其對加密貨幣股票的影響等因素，賣空者預計會出現回檔。

Short Betters: Piling On Crypto Stocks Amidst Market Surge?

空頭更好者：在市場飆漲的情況下買進加密貨幣股票？

Looks like the naysayers are doubling down on crypto stocks, with their bets against these companies hitting a whopping $11 billion, despite the recent surge in the crypto market. Bloomberg's got the details, and it's not painting a pretty picture for short sellers.

儘管最近加密貨幣市場大幅上漲，但反對者似乎正在加倍押注加密貨幣股票，他們對這些公司的押注高達 110 億美元。彭博社掌握了細節，但它並沒有為賣空者描繪出一幅美好的圖景。

What's the Catch?

有什麼問題？

These "crypto stocks" are all about companies with some skin in the crypto game—Bitcoin, other digital currencies, or even blockchain tech. And the problem is, if the crypto market takes a nosedive, their values could go south, too.

這些「加密股票」都是與加密遊戲相關的公司——比特幣、其他數位貨幣，甚至是區塊鏈技術。問題是，如果加密貨幣市場暴跌，它們的價值也可能會下跌。

Paper Pains: $6 Billion and Counting

紙上的痛苦：60 億美元而且還在增加

With all the betting going on, these companies are now seeing paper losses of a hefty $6 billion. And guess what? They're pretty confident in their position. Bloomberg says over 80% of these short positions are targeting MicroStrategy (MSTR) and Coinbase (COIN).

隨著所有的押注不斷進行，這些公司目前的帳面損失高達 60 億美元。你猜怎麼著？他們對自己的地位非常有信心。彭博社表示，這些空頭部位中超過 80% 的目標是 MicroStrategy (MSTR) 和 Coinbase (COIN)。

MicroStrategy: Bullish on Bitcoin, Bleeding Red

MicroStrategy：看好比特幣，血紅

MicroStrategy's all-in on Bitcoin, with Chairman Michael Saylor predicting the moon. They're sitting on a stash of 214,246 BTC worth around $13.5 billion. But with short sellers circling, their stock has been on a downward spiral.

MicroStrategy 全力押注比特幣，董事長 Michael Saylor 預測月球。他們坐擁 214,246 枚比特幣，價值約 135 億美元。但隨著賣空者的圍攻，他們的股票一直在螺旋式下降。

Coinbase: Riding the NASDAQ Wave, Bracing for Impact?

Coinbase：駕馭納斯達克浪潮，準備迎接影響力嗎？

Coinbase stock has benefited from the bull run since its NASDAQ debut in 2021. But Ihor Dusaniwsky, an analyst, thinks they might be banking on a pullback. He says they could be "looking for a pullback in the Bitcoin rally or using the short positions as a hedge against actual Bitcoin holdings."

自 2021 年在納斯達克首次亮相以來，Coinbase 股票一直受益於牛市。但分析師 Ihor Dusaniwsky 認為，他們可能會指望回調。他表示，他們可能「尋找比特幣漲勢的回調，或利用空頭部位來對沖實際持有的比特幣」。

Crypto Stocks on the Rise

加密貨幣股票上漲

Bitcoin and the crypto market as a whole are on a tear, with Bitcoin breaking $69,000 and the market cap hovering around $2.6 trillion. And that's giving crypto stocks a boost. MSTR is up 115% in the past month, while COIN is up 33%.

比特幣和整個加密貨幣市場正在蓬勃發展，比特幣突破了 69,000 美元，市值徘徊在 2.6 兆美元左右。這給加密股票帶來了提振。 MSTR 在過去一個月上漲了 115%，而 COIN 則上漲了 33%。

Market Cycles: A Game Changer

市場週期：遊戲規則的改變者

The crypto market has its ups and downs, driven by everything from the economy to industry news. Remember the 2021 bull run? Bitcoin and other assets reached new heights. But then came the crash, sparked by the implosion of Terra and the FTX debacle.

加密市場有起有落，受到從經濟到產業新聞等各種因素的推動。還記得2021年的多頭市場嗎？比特幣和其他資產達到了新的高度。但隨後，Terra 的內爆和 FTX 的崩潰引發了崩盤。

Short Sellers' Hope: Another Crypto Winter?

賣空者的希望：又一個加密貨幣冬天？

Those betting against crypto stocks are hoping that the current market enthusiasm will fizzle out. They're looking at the past market downturn and crossing their fingers for a repeat.

那些做空加密貨幣股票的人希望當前的市場熱情將會消失。他們正在回顧過去的市場低迷，並祈求重演。

Disclaimer: This article is for informational purposes only and should not be construed as financial advice.

免責聲明：本文僅供參考，不應視為財務建議。