Agree, trying to trade around the idea of shorters covering is fraught.
Especially given the profits many will be sitting on. They will likely be in no 'rush'.
Just the same as a share price rising up crazyily, those holding with huge profits wont all sell at the very top. Once they are up 100% if it falls 10, 20 or even 30% back - they are still up some 70%.
Likewise heading down, once you are in the green some 80% .. whats 10-20% off your paper profits gone, especially when there is the prospect of yet further profits if it does fall further.
This is before all the disenchanted tax-loss longs start to asses the situation if it resumes trading.
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