Bitcoin just broke past 78k today. But here is the catch — spot demand is looking surprisingly weak. That price move? It is mostly being driven by short squeezes. Traders who bet against BTC are getting forced out, and that is pushing price up into the 79,500 to 80k zone. If this momentum holds, we could see a quick test of that range. But do not get too comfortable. The real story is on the spot side. Without strong buying pressure from actual demand, this rally lacks legs. Once the shorts are cleared, BTC is likely to roll over and resume its downtrend if spot volume does not pick up. Keep your eyes on the order books. The squeeze is real, but so is the risk of a reversal. Stay sharp out there.