Well, this is interesting, in a purely speculative sort of way. There seems to be a trend in patterns when GME bottoms out before the next runup. When will it start? Who knows. These things never play out like one expects. I'm expecting Thursday, so it definitely won't be Thursday.
What occurred to me just now is that it's been roughly a year since the big squeeze, or whatever you want to call it. A few days from now will mark the anniversary of the last time it dropped below 100, and stayed there for a few weeks.
I wonder if there were some folks who shorted GME hard back then, and have hodled ever since. And I imagine there were a few folks since then who shorted hard and hodled their short positions, because it never dropped enough to make them money...
I bet there is a subset of folks who shorted, who are just now beginning to see green. And I bet that green is looking mighty fine, what with the rest of the market bleeding red.
I bet there are some folks out there who are mighty anxious to start closing their short positions.
Anyway, that's just me daydreaming. Feel free to make your own crazy theories. This is not financial advice. Just a bunch of hot air.