The few orders that the shorts still hold are now burning money on every single one, using their own principal. The price has been forcibly yanked up from the bottom of the pit above the short moving average. In just the past few hours, a big bullish candle has nearly swallowed back almost all the downside that had been hammered out earlier— the harder it fell, the harder it bounces. As the market rises, the contract positions’ market value is still being stacked higher; new money is chasing this bullish candle in, yet the fee rate is still negative. That rebound force is palpable even through the screen. Waiting for a deeper pullback to come and pick up a bargain to board the trade—what you may get instead is just another squeeze. If anyone’s tempted to jump in out of impatience, the ending was written long ago.