Bitcoin spot trading volume is beginning to increase — this is exactly the signal I wanted to see after consolidation. Combined with the CVD indicator trend, the price is repeatedly oscillating near the breakout zone of $92.5k, and the overall picture is gradually becoming clearer. More importantly, while the open interest( continues to rise, the funding rate is actually decreasing. What does this combination mean? A large number of shorts are entering the market to establish positions at high points. When spot demand and futures shorts appear simultaneously, the market is often prone to brewing a reversal. In the short term, whether it can effectively break through the critical resistance of $92.5k will directly determine the direction of the subsequent trend.