One group betting for the price to go up, the other one to go down competing to see who gets the other one’s money. The long side tried to pump the price to take the short side out of the market and liquidate (lose everything) but the short seller double down adding more money. Remember is a zero sum game, one earns what the other lose.

I randomly see an image of a teeter-tauder from a playground area. 🪡