Short Sellers Rue the Day as Bitcoin Open Interest Eyes $25B

Bitcoin is staring down another short squeeze setup as open interest creeps toward the $25 billion milestone — because nothing says "I've learned nothing from the last 47 liquidations" like loading up on leverage right before a volatility bomb. Traders are watching those OI numbers climb faster than a COIN listing rumor on a Sunday night, with leveraged positions piling up like unopened Christmas presents waiting to be thrown at someone's portfolio. The growing open interest suggests degens are piling into bets — both long and short — with the subtlety of a ape throwing darts at a price chart, bracing for what could be a violently entertaining stretch. Historically, when OI hits these eye-watering levels, the market tends to deliver a verdict so decisive it makes your grandmother's exit from a bad trade look graceful. For now, the market sits in eerie silence, waiting to see which overleveraged fool gets squeezed first — probably the guy who just added to his short because "this time it's different."