After looking at Liangxi's comment section, I realized that there are so many investors following the 'Marshal' to short Ethereum, and most of them are using high leverage. No wonder ETH has been continuously rising; it seems to be undergoing concentrated short-squeezing operations.

In fact, when investors are positioning for shorting, they can completely choose to diversify their short positions across various underperforming altcoins, rather than concentrating on a few strong assets. A common misconception among shorts is: whichever coin rises sharply, they focus on shorting that one. Mainstream strong coins like ETH naturally become the primary targets. However, going head-to-head with strong coins often leads to encountering short-squeeze risks.

Reasonably diversifying short positions and preferentially selecting altcoins with weak fundamentals and a lack of support for upward movement can not only help avoid the high risks associated with concentrated shorting but also reduce borrowing costs and the likelihood of being targeted by controlling parties, making it a more prudent strategy.