OI is rising, spot buying is happening, and shorts are increasing positions—classic squeeze setup, but the liquidation line at 331 is hanging overhead. Let's see if we hit 65k first.

$BTC positioning

> OI continues to rise gradually while funding turned negative
> Spot buying improving while Retail increasingly leaning short
> Price responds and grows
Meanwhile, long short distribution is getting skewed
>Long liq levels: 331; Short liq levels: 106. Delta: +225
~$8B liquidity imbalance -> longs in risk but order flow does not overheat yet

Largest short-term liquidity cluster remains above at 65k.

Below, the most meaningful concentration sits around 62.7k-62k in proximity, which would be a healthy pullback zone if tested.

Thin order books + rising OI + negative funding = squeeze conditions in place imo -> could see some more upside especially since expectation for a deal is increasing

Watching whether shorts become fuel for a move into the 65k liquidity pool.