$RIVER has indeed shown a fierce trend in the past 24 hours. The long positions opened at high levels earlier were directly wiped out with a liquidation of 2.09 million positions, dropping only a few points before over 1.5 million longs were liquidated. In the last hour, the situation has become even more tense—though the decline isn't large, over 360,000 short positions were suddenly liquidated. What does this reflect? The force chasing longs in the market is indeed very strong, but it is now facing a situation where it could be overwhelmed.

The core issue lies in this chain reaction of liquidations. Once 360,000 long positions can't withstand the decline, more and more longs will be continuously swept out. If the price really breaks below the $8 level, referencing previous scenarios like light, it could trigger a chain liquidation of long positions worth tens of millions of dollars, causing a huge impact on market liquidity. The market makers' chips in hand stand to profit significantly from this volatility.

From the current position, shorting is indeed aligned with the main force. However, from a risk-reward perspective, if the price can hold until around $5, the profits from short positions could offset the costs.