RIVER Explodes 33%, Short $9 Million Burned!

The commotion in the crypto market is back from RIVER! This asset has just shaken traders with extreme volatility action. In the last 24 hours, there was a massive liquidation worth $9.15 million for RIVER futures contracts. Interestingly, the majority (56.91%) are short positions, which means players betting on a price drop have been "burned" completely.
This event runs parallel to a fantastic price rebound of 33%, soaring from around $17 to $39.29. This phenomenon is known as a "short squeeze", where rising prices force short sellers to close their positions by buying, which further pushes prices up. This is an intense battle between bulls (optimists) and bears (skeptics), and for now, the bulls emerge as winners.