That is regsho data. Unreliable in portraying what actually needs to be covered, imo. Squeeze is perhaps way too strong a word though; agreed. More a mini-squeeze; rush to cover before retail sees this. The lvl 2 action seems very indicative. This does not mean the price is going to sky rocket from covering pressure, but does explain the level 2 action, imo.
I can only provide my own speculation and theories. I am not qualified to offer any
investment advice. Everything I post is my own opinion. DO YOUR OWN DD!!!!!!!