Author here. Wrote this because most coverage of this week's Bitcoin move led straight with the price number without explaining the actual sequence, a Treasury bond buyback announcement and a White House meeting landing in the same 24 hour window, on a market that was heavily short going in.

The mechanics of a short squeeze are pretty mechanical and worth separating from the "is this real demand" question, which the piece tries to do honestly, citing both the bull and skeptical case.

Happy to answer questions on either the market mechanics or the Bitcoin infrastructure stuff I usually write about.