It seems pretty obvious that the market is being manipulated.  The price on an overvalued depreciating asset should not be going up. 

In a few days the people who shorted on day 1 will be looking for more swap, and it either won't be there or it will be there at a high cost.  So that means a lot of people are going to be forced to buy, and that's going to push the price up and maybe make some people liquidate their short positions (pushing the price up even higher).  Those who bought, even at an over-valued price, will turn around and sell at a higher profit.

You should consider closing your short positions before that happens.