$BTC perps are capping price right now.
Futures CVD dropping while open interest climbs hard — classic sign shorts are piling in, trying to force another leg down.
Meanwhile spot CVD flipped higher after yesterday's flush. Real buyers stepping in.
If spot keeps absorbing and perps stay this short-heavy, you're setting up a squeeze. Shorts get too comfortable, then liquidity snaps the other way.
Watch for a break above recent resistance — that's when the covering starts and things get violent. Until then, this is a tug-of-war between perp shorts and spot demand.
Futures CVD dropping while open interest climbs hard — classic sign shorts are piling in, trying to force another leg down.
Meanwhile spot CVD flipped higher after yesterday's flush. Real buyers stepping in.
If spot keeps absorbing and perps stay this short-heavy, you're setting up a squeeze. Shorts get too comfortable, then liquidity snaps the other way.
Watch for a break above recent resistance — that's when the covering starts and things get violent. Until then, this is a tug-of-war between perp shorts and spot demand.
