在市场飙升之际，卖空者纷纷涌入加密货币股票

在加密货币市场飙升的背景下，空头交易者对加密货币股票的押注已达到 110 亿美元。这些赌注主要针对 MicroStrategy (MSTR) 和 Coinbase (COIN)，已导致账面损失 60 亿美元。尽管市场好转，但考虑到比特币上涨及其对加密货币股票的影响等因素，卖空者预计会出现回调。

Short Betters: Piling On Crypto Stocks Amidst Market Surge?

空头更好者：在市场飙升的情况下买入加密货币股票？

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.

尽管最近加密货币市场大幅上涨，但反对者似乎正在加倍押注加密货币股票，他们对这些公司的押注高达 110 亿美元。彭博社掌握了细节，但它并没有为卖空者描绘出一幅美好的图景。

What's the Catch?

有什么问题？

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.

这些“加密股票”都是与加密游戏相关的公司——比特币、其他数字货币，甚至区块链技术。问题是，如果加密货币市场暴跌，它们的价值也可能会下跌。

Paper Pains: $6 Billion and Counting

纸上的痛苦：60 亿美元并且还在增加

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).

随着所有的押注不断进行，这些公司目前的账面损失高达 60 亿美元。你猜怎么着？他们对自己的地位非常有信心。彭博社表示，这些空头头寸中超过 80% 的目标是 MicroStrategy (MSTR) 和 Coinbase (COIN)。

MicroStrategy: Bullish on Bitcoin, Bleeding Red

MicroStrategy：看好比特币，血红

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 全力押注比特币，董事长 Michael Saylor 预测月球。他们坐拥 214,246 枚比特币，价值约 135 亿美元。但随着卖空者的围攻，他们的股票一直在螺旋式下降。

Coinbase: Riding the NASDAQ Wave, Bracing for Impact?

Coinbase：驾驭纳斯达克浪潮，准备迎接影响吗？

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 年在纳斯达克首次亮相以来，Coinbase 股票一直受益于牛市。但分析师 Ihor Dusaniwsky 认为，他们可能指望回调。他表示，他们可能“寻找比特币涨势的回调，或利用空头头寸来对冲实际持有的比特币”。

Crypto Stocks on the Rise

加密货币股票上涨

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%.

比特币和整个加密货币市场正在蓬勃发展，比特币突破了 69,000 美元，市值徘徊在 2.6 万亿美元左右。这给加密股票带来了提振。 MSTR 在过去一个月上涨了 115%，而 COIN 则上涨了 33%。

Market Cycles: A Game Changer

市场周期：游戏规则的改变者

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.

加密市场有起有落，受到从经济到行业新闻等各种因素的推动。还记得2021年的牛市吗？比特币和其他资产达到了新的高度。但随后，Terra 的内爆和 FTX 的崩溃引发了崩盘。

Short Sellers' Hope: Another Crypto Winter?

卖空者的希望：又一个加密货币冬天？

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.

那些做空加密货币股票的人希望当前的市场热情将会消失。他们正在回顾过去的市场低迷，并祈求重演。

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

免责声明：本文仅供参考，不应被视为财务建议。