A look under the hood of this recent CRV rally: 1. Perp CVD has remained relatively flat/neutral during this entire rise off of .18-.19 indicating that this move is primarily spot driven (BULLISH). 2. While spot CVD of major exchanges recently turned down, price continues to rise- indicating spot limit buyers are absorbing the sell pressure and forcing price up. (BULLISH) 3. OI has risen along with this rise in price however we know perp CVD has been neutral and funding is flipping negative, indicating this rise in OI is partially fueled by aggressive shorters and not exclusively aggressive longers (like we often assume when we see price rising along with OI). Because we know spot buyers are absorbing sell pressure and lifting price successfully, it's likely that this rally leads to a short squeeze at some point. (BULLISH) Send it to our target at .30+ and let's blow those bears out 🫡(CrediBULL Crypto)