First, the Funding rate has returned to the bottom (bottom frame), and the last time the current fd rate was in mid-late January, somewhere around 38-40k

Second, from the time $BTC around 50-51k, around CVD perp (yellow arrow) decreased continuously -> many short positions were opened, with increasing volume.

and after accumulation, the price jumped to 73kx, until now, only the spot's CVD has increased, the rest have decreased. That means newcomers, funds, and whales are all buying while the futures side is all short.

With the above view and with $BTC compressing, we can expect that $BTC will break up and fly up.