The drop seen in American exchanges allowed short-selling investors to make approximately 55 billion dollars in profits by this Thursday.
According to data and analytics company Ortex Technologies, the profits of these investors since the beginning of the year have amounted to 118.5 billion dollars. The data covers US companies with a market value of over 1 billion dollars.
The decisions made by President Donald Trump have delighted those who have shorted the most so far. The customs duty rates announced by Trump, which are higher than expected, have triggered a sharp wave of selling in stocks recently. The declines have recorded the largest drop seen since the pandemic period in March 2020.
The S&P 500 closed the week with a 9.1% loss. Both the S&P 500 and Nasdaq 100 ended today with a 6% drop. These decline rates haven’t been seen since March 2020.
Bitcoin has drawn attention with its resilience despite the collapse of American exchanges. The largest cryptocurrency by market capitalization is trading above $84,000, up 2.5% compared to yesterday.
Published: April 5, 2025 00:22
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