Both usd and swaps are increasing. Generally, they go in opposite directions since they are literally betting against each other. In the following case, only one scenario will play out.
One side of the bet is wrong, which will help push the prices further in one direction. I am inclined to say up because charts say so, but I honestly don't know.
The conclusion is out, the bulls won this one. Being on the forums long enough. There was a good number of haters on the forums; I for one got down voted often when I shorted.
They always prophesize how the bears will feel their wrath of a thousand years during the entire duration of this trend. Well, here it is today, the super squeeze. They should be having a parade right now. Wait, what is that? They are not here says the market god.
The market god said they weren't solvent, they are dead.
TLDR: The market can stay irrational longer than you can stay solvent
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