Investors, let's examine what we're really seeing in the market, without illusions.

The current rise in BTC and ETH is not driven by new buyers.
It's short covering.

If you look at the chart:
— The price is making a local bounce
— Open Interest is falling
— Funding is turning negative

This is a classic short squeeze combination. Short sellers are covering, the price jumps, but new demand is not confirmed.

The Coinbase Bitcoin Premium did briefly turn positive—that was a signal a spot buyer appeared. But it didn't last and turned negative again. This is important: there's no institutional confirmation yet.

The key point is that most shorts opened around the 80k zone have already been closed.
Meaning the fuel for the squeeze is almost spent.
From here, the market needs to show real demand. And this is where the real test begins.

What’s concerning:
— Sellers still dominate
— Large BTC deposits to exchanges (including 5,000 BTC to Binance)
— Geopolitical uncertainty (US–Iran) hasn't gone away

If buyers don't step in here, the scenario looks rather straightforward:
another move into the 60k–62k zone before the market can build something sustainable.

This is not a forecast or a signal. It's my logic for reading the market structure right now.
The market doesn't have to rise just because "it has already fallen a lot."

The main thing to understand:
now is not the time to act heroically with leverage. Such phases punish overconfidence.