The short position data from a leading exchange has attracted attention—what signals might be hidden behind it? From the perspective of position structure and large-volume allocations, the institutional attitude towards the future market warrants in-depth analysis. The position movements of major players often precede market reactions, and the recent changes in short concentration may indicate an approaching critical point. Is it risk hedging or a bearish forecast on a specific price range? Data speaks for itself, but the interpretation angle determines whether you can seize the advantage.