#BTC Focus on the highlighted zone: Price is bouncing while Open Interest is declining → positions are closing. This move is largely driven by a short squeeze, not fresh long entries. At the same time: • CVD remains weak → no strong spot demand • Coinbase premium is negative → limited institutional buying Summary: This is a liquidity-driven move, not real demand. For continuation: A real uptrend requires rising OI + strong spot inflows. Current structure: Temporary relief, no trend confirmation yet.(KriptoHolder 🔔)