#BitcoinSix-DayRally This is a hybrid move, combining a genuine institutional volatility squeeze with a classic "short squeeze."
While the price action feels explosive (characteristic of a squeeze), the underlying data suggests this is a recovery rally driven by real capital returning to the market after a period of fear.
Here is the breakdown of the move and an analysis of the "Buy vs. Wait" decision.
1. Diagnosis: Bull Market or Short Squeeze?
It is both, but the "Bull" case is the stronger driver right now.
The Short Squeeze Component (The Spark): You are correct to suspect a squeeze. Data