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Bitcoin's move back toward $80,000 has two distinct supports, but they should not be treated as equally durable. K33's record one-day short squeeze explains much of the initial acceleration, while the subsequent decline in futures open interest suggests that fuel is already fading. The stronger test is whether last week's $1.92B of US spot ETF inflows can offset profit-taking as roughly $6.44B in BTC options expire Aug 28, with positioning concentrated around $75,000-$80,000. My read: holding this range after expiry would be more constructive than the squeeze itself because it would point to demand, not forced covering, carrying the rebound. Not advice, just analysis. #BTCOptionsExpiryTest