Market Trend - $7.8 billion worth of short positions are expected to be liquidated if $BTC rallies to $100,000 [1]

Investment Positions - Long positions represent owned stocks [1] - Short positions represent stocks owed but not owned [1]

Liquidation Analysis - Long positions liquidated this week amounted to $187 billion [1] - Short positions liquidated this week totaled $36 billion [1] Market Sentiment - Significantly more long positions were liquidated compared to short positions, suggesting a potential shift in market sentiment [1]

Market Trends & Trading Activities - A BitcoinOG realized over $160 million profit in 30 hours by closing most of their Bitcoin and Ethereum short positions [1] - The BitcoinOG still holds a $92 million (8216 BTC) short position [1] - The BitcoinOG previously held over $11 billion in short positions in Bitcoin and Ethereum [1] - Unrealized profit from the BitcoinOG's short positions exceeded $27 million as the market dropped [1]

Core Insights - Metaplanet's stock has corrected by 8.37% on the Tokyo Stock Exchange, totaling a 70% correction from its mid-June high of 1,900 JPY [1] - Institutional short positions in Metaplanet have shifted, with Morgan Stanley MUFG remaining the largest short holder, controlling nearly 20 million shares [2] - The cost to borrow Metaplanet stocks has surged to an annualized 54%, indicating a severe scarcity of lendable stock [3] Short Positions - Morgan Stanley MUFG has increased its short position by 1.92 million shares, despite trimming 768,000 shares, maintaining dominance in short holdings [2] - Jefferies International has expanded its short position to 10.54 million shares, while UBS AG has entered with a new position of 7.31 million shares [3] - Major banks like Goldman Sachs, JP Morgan, Citigroup, and Barclays have significantly reduced their short exposure [3] Market Dynamics - The rising cost of borrowing Metaplanet stocks suggests that shorting is becoming increasingly expensive, which could lead to a short squeeze if positive catalysts arise [3][4] - Metaplanet is advancing its Bitcoin acquisition strategy, aiming to raise up to 555 billion JPY ($3.8 billion) through preferred share issuance [5] - The company is on track to achieve its goal of a 30,000 BTC Treasury by year-end, despite current Bitcoin price resistance at $116,000 [6]