Recent short squeeze signals have been significant drivers of price movements in Bitcoin, causing major fluctuations between April and May. This pressure was evident in the metric’s consistent correlation with upward price surges in BTC. A prime example is around May 7-8, where a prominent squeeze signal triggered rapid price increases following its occurrence. However, as of now, no strong short squeeze signals are being detected. This change suggests a temporary easing of pressure from short sellers, potentially leading to a period of less volatile price action—at least for the moment. Wedson emphasizes that this metric is crucial for understanding when traders holding short positions may be forced to close their bets, which often leads to rapid price shifts. As such, it serves as an important tool for identifying potential market momentum changes. While short squeeze pressure has temporarily eased, history suggests a swift return could lead to significant volatility. Traders should remain vigilant.