$btc pushed higher today; from $66k at futures open to $69k now, over the course of the day. the move followed trump's comments suggesting the middle east conflict might end soon. open interest & funding open interest fell as price climbed. this shows the rally wasn't driven by aggressive derivatives positioning building up. instead of fresh longs entering with leverage, the move reflects shorts reducing positions as price moved against them. funding remained negative throughout, confirming the market isn't overheated on the long side. these conditions create a cleaner setup compared to rallies where oi spikes alongside price. spot cvd spot cvd stayed positive as the rally developed. actual buyers entered rather than just futures participants adding leverage. interpretation price still trades below $70k, which remains the critical resistance level. the current zone favors shorts from a risk reward perspective until that level breaks clearly. above $70k, $73.5k becomes the next barrier. below, support sits at $65k, then $60k and $55k further down. the combination of declining oi and positive spot demand creates better structure than recent moves, but breaking above the range resistance is necessary before the setup shifts bullish. watch whether spot buyers continue at higher levels or fade as price approaches overhead resistance. #Bitcoin