Bitcoin’s Mad Dash: A Short Squeeze or Gogol’s Nose of Folly?

Wintermute, with its keen eye for the absurd, points to indicators as mismatched as a Gogol character’s attire. A $10 billion jump in open interest (OI) paired with the lowest spot volumes in two years-a combination as harmonious as a nose that outgrows its face. The report, with a flourish of sarcasm, calls this the opposite of what typically validates a bullish continuation in spot markets. Ah, the folly of it all!
