Privex @PriveXBT
Next Former Bybit #1. In the charts Joined October 2025-
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Without those data, calling the whole move a squeeze would be an assumption but calling it a confirmed new bull run would be one too.
In #BTC I still need evidence of durable buying. A green candle alone doesn’t tell me whether this move is driven by fresh spot demand, short covering, or additional leverage. I want to see sustained spot participation, consistent ETF demand, and buyers defending pullbacks.
Those have very different implications for risk assets. I want to know why energy is falling before treating every decline as bullish.
emand destruction belongs in the conversation too. The IEA now expects global oil demand to contract by 2.5 million barrels per day in 2026. Lower oil prices can reflect improving supply, but they can also reflect consumers and businesses cutting back.
I’ve seen the bounce. I’m still not convinced. At these levels, buying $BTC means betting that the worst of the macro pressure is behind us. I don’t see enough evidence to make that bet yet. ....1/10
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