$BTC short squeeze setup building.
Price dropped today but open interest spiked while Futures CVD kept sliding lower. That's fresh aggressive shorts piling in — not longs getting stopped out.
When positioning gets this lopsided and overleveraged, those shorts usually get squeezed. Watch for a sharp reversal if price holds here and starts climbing. Invalidation if OI keeps rising with price falling further — that'd mean more fuel for downside instead.
Price dropped today but open interest spiked while Futures CVD kept sliding lower. That's fresh aggressive shorts piling in — not longs getting stopped out.
When positioning gets this lopsided and overleveraged, those shorts usually get squeezed. Watch for a sharp reversal if price holds here and starts climbing. Invalidation if OI keeps rising with price falling further — that'd mean more fuel for downside instead.