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Looking at the 12 to 24 rally of RIVER, the market makers paused at several key levels to let the short sellers jump in, but they haven't used fee rate tactics to manipulate and push short positions. What does this indicate? The number of short sellers is quietly accumulating, reaching a very large scale.
You need to understand that once this situation triggers a chain liquidation, the scale will far surpass any previous ones. The more people short, the more concentrated the risk becomes. For those positions below $32, they either need to quickly add margin to increase their buffer or face the situation of being forced to cut losses — there is no third option.
From a technical perspective, I don't think the $30 level is necessarily the bottom. If you don't want to be forced out passively, you should act now. Short sellers, don't gamble on your patience; the market won't stop just because of your psychological price level.