Just noticed Bitcoin's recent 5% jump on Monday wasn't really fresh money coming in - analysts are pointing to short-covering as the main driver here. When shorts get squeezed, you get these quick spikes that can look impressive on the heat map but don't necessarily mean bullish momentum is building.

Looking at the crypto heat map right now, you can see the volume pattern doesn't match what you'd expect from genuine buying pressure. It's more like traders closing positions that went against them. The move happened, price went up, but the underlying structure feels fragile.

This is actually pretty common in crypto - sometimes the biggest daily moves tell you more about forced liquidations and position unwinding than about real market conviction. Worth keeping an eye on whether this actually holds or if we just saw a technical bounce.