GLD, GDX: Short Interest Spikes 80% and 50%

GLD and GDX short interest spiked 80% and 50% respectively via S3 data, accelerating their post-gold-rush hangover into Bitcoin territory. Traders now treat the gold ETFs like BTC after a brutal stretch that left both assets in the doghouse. Gold mining stocks short interest and ETF short selling trends accelerated sharply over the past year, mirroring Bitcoin correlation patterns that emerged in late 2025.