BTC Aggressive selling persists. Both Spot CVD and Futures CVD have been trending lower, pushing price back towards the range lows. Additionally, we’ve seen a significant buildup in open interest, suggesting that shorts have been entering the market aggressively and adding to the bearish momentum. Now it will be interesting to see whether buyers start stepping back in here to once again defend the range lows, or if they’re unable to absorb this selling pressure and price continues lower. However, considering how many new short positions have entered the market, this move could quickly become vulnerable to a short squeeze if genuine spot demand returns.