Bitcoin saw 81K, but I think we’ve now reached the most important test of the rally. 👀 Last week’s first push higher was driven by a dev short squeeze. Even today, in the 81K move alone, about $225M in shorts were liquidated in just 10 minutes. 🚨 But the data I care about more is this: as $BTC moved up, futures open interest fell to the lowest point in 5 months. In other words, the market isn’t inflating with excessively leveraged longs. On top of that, the positive streak in Monday’s Bitcoin ETF flows reached 6 days. That matters because a short squeeze is a temporary, forced buy. ETF inflows help us judge whether real spot demand is still continuing. BUT WATCH OUT: BTC was rejected exactly at the 81–82K key resistance. And tomorrow, Core PCE will be released. For now, my short-term direction: SIDEWAYS (slightly up). The rally is strong, but when everyone starts getting overly optimistic again, you can’t afford to abandon risk management. 👑