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$SIREN Is the short seller still holding on?
Continuing for more than ten days with negative funding rates, the market maker has been sideways grinding the market, steadily earning high negative funding fees, firmly squeezing all the short positions.
The remaining stubborn short sellers are also tough nuts to crack, unwilling to cut losses and exit, holding on through this trend, likely to go to zero in the end, with no chance of recovering the investment.
Currently, the remaining short positions in the market are almost gone; unexpectedly, the market maker is not willing to let go of even these tiny chips, maintaining high-pressure sideways movement without giving a rebound or escape opportunity, gradually grinding down all the short positions, leaving no room for a turnaround.