Block recorded the lowest short seller interest in March compared to other crypto firms with over $2 billion market capitalization. The company's stock remains a less targeted asset amid ongoing market turbulence.
- Block (SQ) had the lowest short seller interest in March among crypto firms with over $2B market cap.
- Bitcoin (BTC-USD) prices remained in a $60k to $70k range during the month.
- The U.S.-Iran conflict added pressure to an already volatile crypto market.
- Diminishing optimism around U.S. crypto legislation contributed to market uncertainty.
- Reduced short interest in Block may indicate investor confidence in the company's stability.
- The broader crypto sector remains sensitive to macroeconomic and geopolitical factors.
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