Note: im no trader, but i am fairly confident that the professional traders have been quietly exiting their short positions during the last few days of high volume trade.
Think about it, if you are holding a large volume of shorts, you dont want to get caught out on a rising share price with LOW VOLUMES. You need high volume to lock in your trading profits.
Hedge funds would have made incredible returns from shorting at anywhere from $15-$12 on a company the size of BnB. By reducing exposure over the last few days, they will have cycled their capital back out ready for the next play.
Its only the retail amature short traders who think they are smarter than they really are, who will still have a position.
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