The recent surge in Marathon Digital Holdings (MARA) stock, which saw an impressive 20% increase, is closely tied to Bitcoin’s ascent above the $45,000 mark. This significant price movement is partly attributed to a potential short squeeze, exacerbated by high short interest in MARA stock. A short squeeze occurs when the price of a stock with a high level of short interest increases quickly, forcing short sellers to buy shares to cover their positions, which further drives up the stock price. This phenomenon has been observed in various instances across the market, particularly among stocks with significant short interest from investors betting against them.
Additionally, the relationship between Bitcoin’s price movements and the performance of mining stocks like MARA has become increasingly apparent. As Bitcoin’s price rises, it can enhance the profitability and perceived value of mining operations, thereby attracting more investor interest to related stocks. This dynamic was evident as Bitcoin broke the $45,000 threshold, highlighting the interconnectedness of cryptocurrency prices and the valuation of related equity assets.
However, despite the recent gains, MARA’s stock performance over the past year has been volatile, with fluctuations in revenue and a notable increase in losses compared to the previous year. Analysts have a “Buy” consensus on the stock but forecast a potential decrease in its price over the next 12 months. The broader context includes MARA’s strategic moves to assume full operational control of its Bitcoin mining sites, reflecting its commitment to strengthening its position in the cryptocurrency mining sector.
The interplay between Bitcoin’s price movements, investor strategies around short squeezes, and the operational decisions of companies like Marathon Digital Holdings illustrates the complex ecosystem of cryptocurrency and related equities. As the market for Bitcoin and other cryptocurrencies continues to evolve, the performance of companies like MARA will likely remain a point of keen interest for investors looking to capitalize on the crypto market’s growth dynamics.
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So look at the title right here take a look yeah Mara stock short squeez is higher as Bitcoin tags $45,000 it’s a short squeeze going on in Marathon digital well that’s at least what you know investor plates is trying to tell us are they right will Mara continue to go
Up Mara stock is up 12% today and what may be a short squeeze effort in progress Mara has a notably High short interest covering 22.36% of the available outstanding float let’s go out and buy Mar right if the outstanding covering of the float is at 22% that’s pretty
Astronomical in terms of short squeezes now it’s not 100% like what AMC and GameStop was back in 2021 but it’s pretty high so apparently someone out there is trying to short the market in Mar they’re expecting the price to go lower and now the short squeeze could be
Impacting the reason as to why Mar’s going up because those people who was suspecting that Marv was going to go down and as price continues to go up they got to cover those shorts they got to buy back the stock that they borrowed and when price goes up against
Those particular individual uals they had to buy it back at higher prices which thereby makes them pay more money so that demand is spurred by one Bitcoin topping around $45,000 almost $50,000 now and then two people buying the stock Mara so those short squeeze individuals are buying back the stock
Thereby causing it to go higher and higher and higher that’s what the gist of this article is going to go into what’s up with Mara stock lately is the question well Mara is up a surprise 20% today likely benefiting from the rise of the price of the primary commodity it
Mines Bitcoin indeed Bitcoin is up 5% over the past five trading days recently even crossing the $45,000 per coin threshold okay cool while the stock is likely receiving a boost from Bitcoin recent climb duh because if it mines Bitcoin and the value of Bitcoin is going up then theoretically you’ll say
That the price of the stock should go up they should coincide correct logically thinking but that’s not always going to be the case it’s likely not what’s behind today’s jump at least not entirely I respect that you know at least they can go into saying this is
Not the number one cause as to why Mara is going up is some of the reason but it’s not the whole reason according to data from the financial data site fentel Mara stock has a notably High short interest Mara has 22.36% short interest 21.28% source is the
NASDAQ and then also for offchain or off exchange shorts 40% these are the dark pools these are the ones that’s not been reported on the lighted exchanges and that’s at 4.43% so what’s going on who’s trying to short Mara are they trying to get ahead of an impending storm for the
Cryptocurrency space are they trying to get ahead of the Bitcoin having because once the having is finished they know that Mara is going to get paid less because the block rewards is going to be reduced for real like many people have different strategies for different time
Frames yeah we can see the price of Bitcoin going up now but maybe those short players are shorting the stock for after the Bitcoin having have you thought about that so yeah they can see the market in Bitcoin going higher and higher but they’re not sweating bullets because
They’re like okay cool we’re going to give it till after the hav happens and see what happens to the price then but look at the stock now yeah cool it’s going up now you can see from my price prediction that I expected the price in Mars to go down and it came
Down to our ultimate buy zone I’m not surprised if feels good to when you can time where price is going to go we identified three targets Mari came and passed our first buy Zone it passed our second buy Zone and then it came down here on one day the 19th of January
2024 at our third buy zone now how could we do this price prediction way ahead of time and see the market bounce to where we suspected that was going to go the game is simple all you have to do is pay attention to the price action follow my videos and learn because you
Guys will begin to see that there is a structure to how stocks trade so congratulations to those who’s able to get almost 38% out the market in Mara on the short all right so let’s get rid of that let’s get rid of this buy Zone let’s get
Rid of that buy Zone we’re going to hold this one down here because it’s still valid because price did not fall below it now you can see here we have another sales Zone up here I’m going to get rid of this one and then I’m going to draw another
One another sell zone for Mara okay so now that would have to be our first Target now okay because the last time price was trading around $ 2750 to $30 price went down thereby letting us know that there’s a lot of selling going on those at those prices
Okay so that’s going to be our first Target already we we are looking for price to go up it doesn’t look like the market move higher is finished but we may run across some bumpy roads up here at that first sell Zone let me look at this on the weekly
Chart and you guys can see right here that a very strong weekly price bar has concluded has printed it closed up here at the high of the bar okay cool Market looks pretty healthy on a weekly time frame here it is on the two weeks same thing it still looks bullish bottom three
Now I don’t know if these short players have looked at this three-weekly price bar or chart but for the market and Amara to get this massive indication of weakness on the prior 3 weeks and then the next 3 weeks it came right back up this Market is definitely
Bullish okay it did not continue to go down the idea would be after this completion of this three-weekly price bar right here would be for the market and Marrow to continue to go lower but it did not even do that it immediately went right back up why would that happen
If there wasn’t demand in the stock if people wasn’t in a hurry to try to come in and purchase it so I think we got the gist as to what we expect the market and Mar to do we’re going to look for the price to go
Higher okay now for me I like to be realistic I’m not going to create content and tell you that the price tomorrow is going to run to $150 per share or that it’s going to 100x like that’s asinine I want to show people how to be realistic into the market how
You’re supposed to maneuver whenever did Dynamics change okay so let’s go ahead and put this on the chart and we’re going to look for the price and Mar to go up first Target is that first cell zone now it could be either at the low or the high or in between that’s our
Target so once you see price approach that area on the low that would give you around 13 almost 14% at the high it’ll give you around 22% okay that’s the first Target second target is going to be at our second cell Zone that we already had on our chart from the very beginning
Either at the low 31 almost 32% or at the high 37% that takes us to around $32 $33 those are our two Targets okay I’m going to create another buy Zone and this is going to be our support area meaning that we don’t want to see Mar’s price trade below this area right
Here that’s it we’re done so give me your thoughts make sure you maintain the profitability and as always trade different