Recent advances in large reasoning models (LRMs) have shown strong performance on complex problems through long chain-of-thought (Long CoT) reasoning. However, distilling such trajectories into smaller student models remains challenging: direct Long CoT supervision often provides limited gains and can be less effective than concise Short CoT rationales. In this work, we investigate this phenomenon from a gradient-centric perspective. Our analysis shows that Long CoT induces larger gradient magnitudes and more concentrated update directions than Short CoT, with this effect becoming more pronounced as student model capacity increases. These findings suggest that effective Long CoT distillation requires balancing the reasoning information density of reasoning trajectories with their distributional alignment to the student model. Motivated by this insight, we propose Model Interporlation Distillation (MI-Distillation), a framework that constructs a continuous Instruct-Reasoning data spectrum through model interpolation. To select suitable trajectories from this spectrum, we further introduce Sequential Learnable Surprisal Score (SeqLSS), which favors reasoning paths that are both informative and learnable for the student. Extensive experiments on reasoning benchmarks show that MI-Distillation consistently improves small model CoT distillation over strong Long CoT baselines.

Long Chain-of-Thought (CoT) reasoning is pivotal for the success of recent reasoning models but suffers from high computational overhead and latency. While prior works attempt to compress CoT via external compressor, they often fail to align with the model’s internal reasoning dynamics, resulting in the loss of critical logical steps. This paper presents Compressing Redundancy in Chain-of-Thought via Intrinsic Saliency Pruning (CRISP), a framework that compresses CoT by exploiting the model’s intrinsic saliency. Our analysis reveals a distinct phenomenon: the reasoning termination token </think> acts as an information anchor, where its attention pattern effectively demarcates essential reasoning from redundancy. Based on this finding, we design a policy that utilizes these intrinsic attention signals to guide atomic compression operations. In contrast to coarse-grained pruning strategies, CRISP strategically distills the reasoning chain to maximize information density while preserving logical coherence. Empirical results across various backbone models and mathematical datasets demonstrate that CRISP achieves a 50-60% reduction in token count without compromising accuracy, effectively mitigating the efficiency bottleneck of long-context reasoning. We open-source our implementation to facilitate further research in efficient reasoning.