WARNING!! BITCOIN!

A lot of late shorts are about to get trapped.

Look at the chart.

While price has been grinding in this tight range, Open Interest has been steadily rising (highlighted in the red oval). This means fresh shorts have been piling in aggressively near the $66,000 – $67,000 zone, expecting another leg lower.

They might be in for a painful surprise.

If Bitcoin manages to hold above the key $66,000 support and starts pushing higher, these late shorts will be forced to cover. That short covering could quickly accelerate the move, potentially sending BTC up toward the $70,000 – $71,000 area before any meaningful downtrend resumes.

This is classic trapped-short dynamics:
Price refuses to break lower → leverage on the short side builds up → one strong move up triggers a cascade of covering.

We’ve seen this setup play out many times.

Right now, the battle is centered right at $66k. Hold here, and the squeeze higher becomes very likely.

What do you think — will $66k hold and force the shorts out, or will we see one more flush lower first?

Follow for real-time levels and updates as this develops.