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Time to wake up from my coma on CT.
Over the last couple of days, the price of $BTC has done absolutely nothing, so no important updates were needed.
Until now.
We've just formed the same setup that lead to the short squeeze to $123,000.
The price going down, open-interest going up, while funding rates are nearing negative territories, signaling that there are more shorts than longs.
Correlating this with my overall thesis around range highs getting protected and the desire of market makers to leave as many people behind, so that they can use retail later to distribute in the coming weeks and months, this setup becomes incredibly bullish.