Data shows that all BTC longs are trapped at 65.5K.

There’s a saying that effort gets no results.
This is the order-book data I saw yesterday: at the peak, CVD reached 1.2B.
You can see that the recently accumulated longs have already surpassed the shorts.
This doesn’t mean there are only this many contracts in total.
Instead, it tells you that the long-vs-short fight ended with the longs winning.
So why didn’t the price keep rising, and instead stayed weak?
Because a healthy uptrend means OI increases and CVD increases.
But yesterday, OI didn’t move, while CVD increased—this is already showing that something’s wrong.