Good news and bad news—which one do you want first? ✅ Good: The Risk Index has dropped below 25, meaning bearish pressure has significantly eased. ❌ Bad (or maybe not so bad): The BTC futures-to-spot ratio shows a higher increase in futures than spot, indicating this recovery is futures-driven. Meanwhile, shorts are piling up above 99K–100K, which could fuel a squeeze. With BTC reclaiming 97.2K–98.5K, holding this level is key—but until 100K is broken, we can’t confirm a trend reversal.