Someone is selling. TH1 swap down to 292.5. Price is down, but there is also nothing on the order book from 1.283 to 1.399. Does the swap interest get calculated based on an average of the bid and ask, or something else?
I think people are receiving swap but not using it right away. If there is a short squeeze on Wednesday then that will likely be the best time to place another short. Otherwise it is people closing their short positions and the person holding the contract not willing to offer swap so they themselves can sell during the squeeze.