Hedge funds cover shorts fastest since 2020

- Hedge funds have been actively closing short positions recently, producing the fastest short covering pace seen since 2020 and shifting market pressure. (x.com) - Specifics: ETF shorts fell about 21%, and trading flows showed $32.7M in buy pressure versus $18.3M in sell pressure during the recent window. (x.com) - Open interest and liquidations patterns still favor short pain scenarios because overall OI has been declining while buys accelerate. (x.com)