Since the beginning of the year, $RIVER has risen 10 times at its peak, and the most painful should be those shorting and hedging 😂
A few days ago, River @Riverdotinc was pulled to 70, after which the price was once close to being halved, and now just 2 days later the price has almost bounced back.
Many people should have already handed over their goods, and the institution has completed another round of chip concentration.
👉 A relatively magical situation:
Old Black Hayes, Brother Sun, and Nasdaq-listed institutions are all rushing in, while retail investors are crazily shorting. This month, the short interest rate for River's contracts seems to have been mostly maxed out.
There is a strategy that I mentioned at the beginning of the year: if you can't hold $River, at least you can exchange it for $RiverPts.
Then stake Pts to mine more River. According to the exchange model from RiverPts to River, even if it drops to 1u, you won't lose, but the specific operation still depends on your judgment 🫡
{future}(RIVERUSDT)