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On the 22nd of August $IREN - $CIFR both where at all time high institutional ownership yet they both dropped a lot since then.
$CIFR -48%
$IREN -45%
Ownership at new highs, but price dropped...
Well... These Institutional Ownership chart hides something.
You see big increases on the chart, but net ownership increases didn't move that much, but short interest has for $IREN - $CIFR.
That's the thing you need to watch. Did the net ownership rise % wise compared with the chart or did short interest solely increase.
WHAT THE OWNERSHIP CHART HIDES鈦夛笍
$IREN - $CIFR
Institutional ownership charts lie a little actually...
When a fund lends shares to a short seller, both the lender and the new buyer report them. Same share, counted twice.
$IREN: real buying happening here. Shorts at record highs do inflate the chart a bit, but the accumulation underneath is genuine. And with the open ATM this does offset it as well actually.
$CIFR: the jump looks impressive until you check what's behind it. Net shares flat, the founding shareholder sold a third of its position, shorts almost doubled. Not the buying wave the chart suggests.
So you see big increases, but net ownership increases didn't move that much, but short interest has for $IREN - $CIFR. And that is something you need to consider as well.
$CLSK reached +100% institutional ownership earlier this year, why? Because shorts kept doubling down...
$RZLV with no floor in sight.
Still searching for a level that actually holds.
The only real support on the weekly sits at $1.07, the all-time low since the IPO.
Best move here is to sit on the sidelines until the selling dries up.
$COIN losing its grip with bitcoin:native
Looked strong last week, but lost everything once the 200 MA gave way, no support left there.
Tied straight to Bitcoin, which is now losing its daily 50 EMA and may need to test the weekly 50 EMA, roughly 2% lower.
Air pocket near $150 comes into play if that weakness continues.
$GRRR trying to cancel out the plunge.
Up nearly 20% off the $7 low, pushing into the 8 EMA. Reclaim it and the 21/50 EMA are next up.
VEX King $17.5 above, over 100% from here if it stays strong.
$SLNH down bad, why are people still holding?
Broke clean through every level of support with nothing left to catch it.
If you're still in this one, drop the reason in the comments, genuinely curious.
Hard to see much changing here without real news to turn it around.
$ARM hits a wall of resistance.
Strong move off the $208 low, but now the 200 MA and 8 EMA are converging right here.
A break through this confluence would be a great sign.
Clear it and a move toward a level near $320 becomes very possible.
$ONDS stuck at a wall it can't break.
Consolidating flat near the $6 air pocket, but the 8 EMA has rejected it four times in a row.
Needs to break through on this next attempt or the one after.
Fail again and a level near $5.50 comes into play.
$CIFR loses the 200, now what?
Touched the weekly 200 MA but closed back below it, not ideal.
Could dip toward the low $7 range before finding a bounce.
Needs to hold or reclaim the 200 quickly for this chart to look good again, until then, calculated risks only.
$AMD flirting with a breakthrough?
Bouncing off Floor $500, now attacking the 8 EMA again.
Could be wave B of the ABC correction playing out, so we have to be careful. GEX-VEX King $620 still the level to watch above.
