According to @cas_abbe, BTC just broke above $122K alongside roughly $80B in open interest and rising volume, framing conditions for a potential bull-trap setup. According to @cas_abbe, funding remains calm and positioning between longs and shorts is balanced, reducing one-sided liquidation risk. According to @cas_abbe, a large cluster of short stops sits above $126K, marking a key liquidity area traders may monitor. According to @cas_abbe, $121K is a critical level to hold for the setup, making $121K and $126K the immediate levels to watch for Bitcoin price action.