BTC Shorts are getting rekt. Price is now up roughly 6% from the lows. Meanwhile, open interest has started declining sharply while futures CVD is moving higher. This suggests that shorts are getting squeezed out of the market as price continues to push higher. Spot CVD, on the other hand, has quietly been accumulating this whole time, showing that there is genuine spot demand supporting this move. If spot participation remains intact and buyers can hold price above $80k, this could set up the major short squeeze I’ve been talking about.