Today's Market Update (3) There's still a potential short squeeze scenario... 63k. This is where the leveraged shorts started to kick in. Although OI dropped afterward, and many shorts have already closed their positions. But if we can break through that 62.5k hurdle mentioned in the previous post, 63k could trigger a short squeeze spike. Chart 2 shows an optimistic mid-term estimate for this rebound... If we follow the 14% symmetry from the previous wave, it could basically reach 66k. But it will face the pressure of trapped positions around the 1-week to 1-month on-chain cost line (as mentioned in the first post today). So, in summary from today's posts: - Short-term key level: 62k - Mid-term key level: 66k.