$RIVER Haha, the quick rebound really caught me off guard. This afternoon, it jumped from 10.3 to 12 dollars, nearly a 2-point increase.

What's going on? Actually, the market maker started closing their short positions. Look at the data—those big players still hold 16 million in shorts, with an average cost of 13.6. When the price dropped to 10.3, they made over 726k in profit. Now that it’s rebounded to 12, their profit has shrunk to 2.2 million. They’re getting anxious and are actively buying to close their positions, pushing the price up.
This afternoon’s rally, with a net buy-in of 726K in half an hour, is the largest active buy in recent days. This isn’t retail investors doing it; it’s the market makers themselves buying.
What’s next?
Most likely, it will bounce up again, targeting 12.5 to 13 dollars. To close so many short positions, the market makers need to keep buying, so the price has to go higher. But don’t expect a reversal; once they close their positions, that’s it—they won’t push it to the sky.
If you want to follow the rebound, you can try a small position around 11.5-11.8, aiming for 12.5-13.
For those with short positions caught, take advantage of the rebound to exit quickly—don’t wait.
If you’re thinking of chasing the high, forget it; it’s easy to get caught at this level.
Remember, this is just the market makers closing their positions during a rebound, not a sign that the bull run has returned. After the bounce, it will still fall.