First, I want to thank Panda Teacher @dajingou1 for the tip on shorting RIVER; I wouldn't have paid attention to this stock without his signal.
Secondly, the 3/22 unlock and the ongoing HTX RIVER 20% annualized flexible investment program both contributed to selling pressure. When the market fell, RIVER bucked the trend and rose, which actually made it a better entry point for adding to positions. RIVER only started falling after funding rates turned negative, suggesting that major players may have dumped their short positions after they were in place.
#RIVER