轧空是什么意思

中文版：

轧空是一个金融市场的术语，特别是在股市中，它指的是当市场上的空头力量过于强大，导致股价过度下跌，以至于空头开始担心无法以当前价格买回股票来平仓，进而引发股价反弹的一种现象。这种情况通常发生在市场极度悲观、大量投资者做空股票时。

在轧空过程中，空头在股价下跌时不断卖出，期望股价进一步下跌从而获利。然而，当股价下跌到一定程度时，空头可能会面临无法平仓的风险，因为市场上的买盘力量开始增强，股价开始反弹。这时，空头不得不以更高的价格买回股票来平仓，从而进一步推高了股价。

轧空现象是市场情绪的转折点，它表明市场可能即将发生反转。对于投资者来说，了解轧空现象有助于判断市场的走势，并在合适的时机进行买卖操作。

英文版：

What Does "Short Squeeze" Mean?

In the financial market, especially in the stock market, the term "short squeeze" refers to a phenomenon that occurs when the bearish sentiment is overwhelmingly strong, causing the stock price to drop excessively. As a result, the shorts become concerned that they may not be able to buy back the stock at the current price to close their positions, triggering a rebound in the stock price. This situation typically arises when the market is extremely pessimistic and a large number of investors short the stock.

During a short squeeze, shorts continue to sell as the stock price falls, hoping to profit from further declines. However, when the stock price falls to a certain level, the shorts may face the risk of being unable to close their positions because the buying pressure in the market starts to increase, and the stock price begins to rebound. At this point, the shorts have to buy back the stock at a higher price to close their positions, further pushing up the stock price.

The short squeeze is a turning point in market sentiment, indicating that a reversal may be imminent. For investors, understanding the short squeeze can help them judge the market trend and make informed buying and selling decisions at appropriate times.