$BTC
Shorts piled in hard today.
CPI dump came with both perp CVD and spot CVD declining — classic risk-off. Open interest spiked at the same time, meaning leveraged shorts jumped in aggressively on the move down.
Right now, no real strength yet. But the second spot buyers step back in, we're likely looking at an OI flush and a squeeze on those fresh shorts. Setup's loaded for a reversal if demand shows up.
Shorts piled in hard today.
CPI dump came with both perp CVD and spot CVD declining — classic risk-off. Open interest spiked at the same time, meaning leveraged shorts jumped in aggressively on the move down.
Right now, no real strength yet. But the second spot buyers step back in, we're likely looking at an OI flush and a squeeze on those fresh shorts. Setup's loaded for a reversal if demand shows up.