The truth behind BTC's continued rebound: 1) BTC long vs. short momentum: Futures are partying, while spot is snoozing! 2) Major institutions are pumping futures prices to squeeze out short positions above $80K! Shorts have become the fuel! Tragic! 3) Who’s the main character in this rally? It’s not spot buyers, it’s futures shorts. The spot-to-futures trading ratio is seriously imbalanced—futures trading volume is about 11.7 times that of spot. This is a classic 'futures-driven' rally. Bulls aren’t buying coins; they’re liquidating shorts. Got it?