According to André Dragosch, PhD, crypto markets are experiencing a significant short squeeze, with $23.8 million in shorts liquidated over the past 24 hours, marking the highest level since early April cycle lows. Despite this, the current squeeze is not as substantial as the previous peaks, such as those observed in November 2024. This trend indicates a potential shift in market sentiment towards bullish dynamics, providing a critical insight for traders to adjust their strategies accordingly.