Should we be cautious about altcoins that have net short positions?

It always feels like the long-term downturn of altcoins has accumulated a lot of short liquidity. Will the market take turns targeting this liquidity next?

After all, most altcoin contracts have this characteristic, with speculators or market makers holding a large number of long positions (retail investors as counterparties). Next, they just need to buy the spot and drive up the price, then let the retail short positions act as counterparties to close their longs and open shorts...

Then, the market makers will accumulate more and more short positions. At that point, they can dump all the spot they bought during the price increase, causing altcoins to plummet to an even deeper low, thus completing the harvest...

If this possibility exists, then the spot altcoin season is doomed, and instead, we will experience a contract altcoin season where no one makes money after explosive price increases and decreases...