Reuters cited data from data analytics firm Ortex showing that traders shorting MicroStrategy (MSTR. O) lost more than $1.20 billion between Nov. 6 and Nov. 8, and have lost more than $6 billion so far this year. As of the close on November 8, short sellers of cryptocurrency trading platform operator Coinbase Global, crypto miner Riot Platform, MARA Holdings and Bitfarms have accumulated losses of about $1.20 billion. In addition, investors who shorted BlackRock IBIT have lost nearly $37 million since November 6.