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THE SQUEEZE WAS THE BAIT. 👀 Bitcoin didn’t rally because everyone suddenly turned bullish. Billions in short positions were forced out, pushing price higher while Open Interest dropped. That tells a different story: this move was largely mechanical short covering — not fresh, broad-based demand. Now comes the real test: Can actual buyers step in and keep $BTC above $77K? If the next leg comes with rising spot demand and Open Interest, that’s when the move gets interesting. #DailyOrbit