The $BTC pump got a big assist from shorts getting wrecked—classic squeeze fuel. But since Friday's peak, we've seen steady accumulation and decent spot volume, which matters more than the initial pop.
Open interest is bleeding off though, and nobody's aggressively lifting price here. That's the tell. If ETF inflows keep coming and we just chop sideways, watch that closely over the next few days.
Squeezes fade fast. You need real spot buying to sustain a move, and we've had some—but price needs to follow through or momentum dies. Right now it's a prove-it zone. Strong bid without follow-through is just a stall, not a breakout.
Open interest is bleeding off though, and nobody's aggressively lifting price here. That's the tell. If ETF inflows keep coming and we just chop sideways, watch that closely over the next few days.
Squeezes fade fast. You need real spot buying to sustain a move, and we've had some—but price needs to follow through or momentum dies. Right now it's a prove-it zone. Strong bid without follow-through is just a stall, not a breakout.
