[Bloomberg ETF Analyst: IBIT Short Positions Drop Significantly, Approaching Pre-April Rally Levels] BlockBeats News, November 25, Bloomberg ETF analyst Eric Balchunas posted on social media, stating, 'IBIT's short positions have dropped significantly. Although they were not high initially, accounting for only 2% of outstanding shares, they are now almost back to the levels before the April rally. S3 Partners pointed out that traders typically short during price strength and cover during declines. The analysis also included all ETFs as a reference.'