The last two weeks sucked being a bear and expecting the price to drop cause it never really happened. I think the true bears aren't yet convinced of this rally. We will see 250s once again and they will be back saying told you so. But this is definitely gonna be liquidating some of the margin calls.
We are still at 20,200 shorts.
They may be underwater, but there hasn't been anything approaching a squeeze yet

350ish is when it will start to hurt
right now they are just hoping for these miner dumps