RIVER's market this week has been quite interesting. After reaching 23.87 on the daily chart, it was pushed down, and now it's repeatedly testing around 18.0. Considering the collective short squeeze and the extremely negative funding rates, honestly, the bulls still hold some control. As long as there is no volume to break below the key support at 17.6, the scenario of a high-level shakeout followed by a continued upward push remains highly probable.

What’s particularly interesting on the data side is that large long positions have a clear advantage, with a cost basis at 14.45, and they still hold nearly one million USD in unrealized gains. Although the number of short accounts slightly exceeds that of longs (58 accounts), the average entry price of 17.66 has already been broken by the current price, making the situation somewhat unfavorable. In the short term, the key is whether 17.6 can hold. Once the bulls start to significantly realize profits, they may face considerable selling pressure from high levels.