Short positioned hedges playing with fire

Short positioned hedges playing with fire , its potentially about to pop... once one big player starts to cover, rest will have to follow , what a beautiful day, taken into account they have been shorting for months , paying costly interests , if the downside is narrowing , the cover will start to look more and more desirable, could indicate a nice run up, most early investors that decided to build of there position already sold there stock to institutions, setting the stage for a potential squeeze.$ContextLogic Inc.(WISH)$