Market Flash: Digital Asset Holders Under Pressure

Crypto Uncertainty Remains and EquiLend Highlights Which Holders of Digital Assets Are Under Pressure

Bitcoin’s slide toward $63,000 has triggered its worst monthly performance since 2022, and the ripple effects are spreading quickly.

This downturn has rippled across the broader industry, forcing major crypto-exposed firms like Coinbase (COIN US) and MARA Holdings (MARA US) to navigate sharp valuation swings. Amidst this volatility, companies with large digital asset exposure are seeing increased pressure and heightened short interest. Check out the names with the most activity below that need to be on your radar!

EquiLend Utilization: Inventory Is Nearly Maxed Out

These names have seen their lendable supply nearly saturated as EquiLend Utilization approaches 100%. When utilization rises to these levels, these highly borrowed securities could be the most prone to sharp movements in the event of further crypto fluctuations.

TICKER	Security Description	Industry	Utilization (%)
205500 KS	NEXUS CO LTD	Interactive Home Entertainment	98.26
UPXI	UPEXI INC COM	Household and Personal Products	97.39
ICG	INTCHAINS GROUP LIMITED	Semiconductors	96.45
GEMI	GEMINI SPACE STATION INC. COM	Diversified Financials	96.42
BLGV CF	BELGRAVIA HARTFORD CAPITAL INC	Commercial Services	96.25

EquiLend Predicted Short Interest: Signaling Negative Sentiment

EquiLend’s new Predicted Short Interest highlights the names experiencing the largest short interest shifts in real time.

These crypto-exposed names have seen the largest increases in EquiLend’s Predicted Short Interest in the past week, signaling that bearish conviction may be building.

TICKER	Security Description	Industry	Predicted Short Interest Quantity Week Difference
DVLT	DATAVAULT AI INC COM	Semiconductor	25,601,304 (+41%)
BTBT	BIT DIGITAL INC COM	Software and Services	7,405,808 (+8%)
CAN	CANAAN INC SPON	Technology Equipment	7,114,372 (+16%)
FIG	FIGMA INC COM CL A	Software and Services	6,504,665 (+40%)
MSTR	STRATEGY INC COM CLASS A	Software and Services	6,364,414 (+19%)

Top Movers Today: Real-Time Borrow Demand

EquiLend Real-Time Data shows that the Software industry continues to see increased demand. These five names are seeing the largest gains in borrow quantity today:

TICKER	Security Description	Industry	Borrow Quantity Change Today
MARA	MARA HOLDILNGS	Software and Services	3,065,397
CORZ	CORE SCIENTIFC	Software and Services	2,781,700
CLSK	CLEANSPARK IN	Software and Services	1,718,895
MSTR	STRATEGY INC	Software and Services	1,482,145
WULF	TERAWULF INC	Software and Services	1,337,800

The EquiLend Edge

EquiLend’s short sale & financing data provides actionable intelligence on evolving market sentiment that traditional metrics may not capture.

Book a demo of EquiLend Data & Analytics today to receive these signals and more in real-time: https://equilend.com/contact-us/.

Bloomberg Terminal users can subscribe to EquiLend’s exclusive short selling and financing data by entering terminal shortcut APPS ORBISA <GO> or clicking the following link: https://on.equilend.com/bloomberg-terminal-page.