Now that they are cracking down on shorting everywhere, hedge funds are more cautious about short selling. The sharp rise in short selling positions not only caused losses, but also caused an imbalance in net exposure, and the total exposure of the fund was too large. Therefore, the fund's choice is either to continue to close short positions, sell long positions, and reduce total exposure, or abandon individual stocks and sell short stock index futures instead. This is probably why stock index futures for US stocks have always been sluggish recently. Whether it's selling long stocks or shorting stock index futures, there is pressure on the market.

[ARK Daily Tracking] Chasing the Rise! It added nearly 600,000 shares of Tencent and also bought Baidu and JD
ARK's key deals on Wednesday were:
Significantly increase holdings in China Securities! Baidu, JD, and Tencent were all guests
Increased holdings of Tencent Holdings (ADR) by 565,000 shares, spending up to 50 million US dollars;
It added 39,600 shares of Baidu and spent about 10 million US dollars;
It added 83,600 shares of JD and spent about 8 million US dollars;
The holdings of Tesla were slightly reduced by about 10,000 shares, and the holdings of Iridium Communications and Workhorse Group were drastically reduced by two individual shares.
Figure 2 shows the positions of ARK's funds in Tencent Holdings (ADR) in the past 60 days;
Figure 3 shows ARK's fund frequently increasing its Baidu holdings in recent days.

Looking at 2020 as a whole, the overall performance of clean energy stocks was impressive. The Invesco Solar ETF (NYSE: TAN), which tracks a basket of solar stocks, returned 234% last year, while the Invesco WilderHill Clean Energy ETF (NYSE: PBW), which invests more extensively in various alternative energy sources, had a return of 205%. In contrast, the SPDR S&P 500 (NYSE: SPY), which tracks the S&P 500 index, has a return of 18%.
Undoubtedly, the results of the US presidential election contributed to the rise of these clean energy assets. Unlike Trump, who promotes fossil fuels, Biden has proposed a $2 trillion climate plan with the goal of “achieving a carbon-free electricity industry by 2035” — which is more aggressive than California's goal of producing carbon-free energy in 2045.

The underlying logic of Bitcoin's sharp rise is to use the credit system to become a global payment currency like the US dollar. If this logic were established in the future, it wouldn't be surprising that Bitcoin would rise to 1 million US dollars because it was an amount obtained through an algorithm, and this amount is limited to the 5 million that have been lost forever, and the remaining 16 million are left in existence