BTC Short squeeze incoming. While BTC has been consolidating around the lows for roughly one week now, spot has been accumulating the entire time. At the same time, open interest has been building up while futures CVD continues to move lower. This suggests that perps have been aggressively opening new short positions, preventing price from moving higher. As long as spot demand stays intact, I believe it is only a matter of time before these shorts get squeezed and help fuel the next aggressive move to the upside.