RIVER's recent market movement is interesting. In the past 24 hours, short liquidations reached $1.27M, which is 2.4 times the long liquidations of $526.91K, clearly indicating a squeeze. Based on signs of capital chasing the rally, the total open interest has increased by 19.20%, and the price has risen by 12.45%, suggesting that additional funds are entering the market.

From a structural perspective, although the rebound broke the previous low, it has not yet fully confirmed a reversal. From a Wyckoff perspective, this looks more like an early stage shift from Markdown (accumulation during decline) to Markup (upward release). The most direct signal is the short liquidation. However, the true confirmation point is at the $15.5 level—whether it can hold this price will determine if the trend truly shifts upward.

Looking at real-time data, the long-short ratio is 0.62 leaning towards the bears, and the funding rate is at 0.0013%, which is positive. What does this data reveal? Short positions are still relatively heavy, but liquidations are happening, and new funds are flowing in.

In terms of trading strategy, going long is the preferred choice. Enter when the price retraces to the $14.8-15.0 range, then focus on holding above $15.5 to add positions. The clear invalidation condition is—if the price drops below $14.5, the structure shifts bearish, and long positions should be promptly closed. Also, be cautious about chasing the high; this rebound is quite swift. Wait for a secondary confirmation after the pullback before participating to keep risk more manageable.