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![cryptovicci Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::915325901503631361.png) Cryptovicci 🌐 [@cryptovicci](/creator/twitter/cryptovicci) on x 2560 followers
Created: 2025-07-23 11:59:54 UTC

What if $MARA XX% short interest isn’t bearish?

A big chunk could be hedges from its X% 2026 convertible notes.

Holders often short MARA stock to offset equity risk.

If MARA buys back these notes, the hedge isn’t needed → shorts unwind → forced buying + volatility.

Not all shorts = bearish bets
#Bitcoin #MARA #Stocks #Miningstock

![](https://pbs.twimg.com/media/Gwil-FpWEAAIdHa.jpg)

XXXXXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1947990049464656297/c:line.svg)

**Related Topics**
[stocks](/topic/stocks)
[#bitcoin](/topic/#bitcoin)
[hedge](/topic/hedge)
[holders](/topic/holders)
[bearish](/topic/bearish)
[$mara](/topic/$mara)
[stocks financial services](/topic/stocks-financial-services)
[stocks bitcoin treasuries](/topic/stocks-bitcoin-treasuries)

[Post Link](https://x.com/cryptovicci/status/1947990049464656297)