Plain and simple example:
Short $10k at $10
Now price $12+
You’re down \~$2k
AND paying \~$250/day
**0 shares available**
**\~160K float**
No exit liquidity
No easy cover
How long do you hold that?
That’s why this can unwind fast.
Plain and simple example:
Short $10k at $10
Now price $12+
You’re down \~$2k
AND paying \~$250/day
**0 shares available**
**\~160K float**
No exit liquidity
No easy cover
How long do you hold that?
That’s why this can unwind fast.