A $914,000 short position, $HYPE , has been closed at 91.3702. The current price is 91.49.
The shorts are backing off now, and that changes the feel of things a bit—not necessarily because they admit defeat, but because they may not want to keep betting on it.
Closing a position doesn’t mean flipping long, so don’t rush to read this one move as a trend reversal.
Do you think the shorts are stepping back for now, or just repositioning somewhere else?
#HYPE
The shorts are backing off now, and that changes the feel of things a bit—not necessarily because they admit defeat, but because they may not want to keep betting on it.
Closing a position doesn’t mean flipping long, so don’t rush to read this one move as a trend reversal.
Do you think the shorts are stepping back for now, or just repositioning somewhere else?
#HYPE
