$ETH The bull market that has been vacated, with negative fees for more than ten days, but I can't understand why the price keeps rising since the fees are higher when more people are shorting. Can someone explain it?

ETH3.83%
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GuangjinTradingCompany
· 4h ago
The reason is that there are so many people opening short positions—of course only those opening shorts have the “fuel.” That’s why the so-called “big-money crew” is able to push the market price up; after all, pushing the price requires real money.
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NoTranslationNeeded.
· 6h ago
Short sellers see positive news and will close their positions to wait and see; closing one position is equivalent to the platform gaining an additional long position.
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