BTC Another short squeeze incoming? Price is currently pushing further into the range lows, while both spot and perps are selling into the move. But what stands out is that open interest has risen significantly alongside the move, suggesting that a lot of new short positions were likely being opened on the way down. So if spot buyers start stepping back in here while shorts keep entering the market without being able to push price any lower, those positions could quickly turn into fuel for another aggressive move to the upside.