$sto Breaking 1, short positions surged by 18 million. OI has $400 million in holdings. Here's an important "short trap" tactic: The project team discovered the funds by compiling wallet addresses and depositing them into the CEX exchange. Many short sellers believed this meant the project developer was about to ship the goods, and thus short. This is a common tactic used by the project team to induce short selling. Given the current market conditions, there is no liquidity in the spot market, so selling through spot trading is not feasible. Furthermore, if the project team wants to release the goods, shouldn't they do it secretly? Why would they let you find out? The CEX exchange already has the goods; do they need to deposit funds into it? Thank you to my amazing group member for sharing! You're so capable and willing to share your logic, I love you!