Binance Data Indicates Bitcoin’s Potential Short Squeeze Above $95K

Bitcoin’s recent surge past $95,000, fueled by significant activity on Binance, suggests a potential short squeeze as large short positions remain vulnerable. Analysts highlight the clearing of high-leverage longs between $82,000 and $88,000, setting the stage for upward pressure on remaining shorts.

Bitcoin Could Be Headed for a Short Squeeze After $95K, Binance Data Suggests

Bitcoin’s price surged past $95,000 with an 8% gain, fueled by market activity on Binance, which accounts for 40% of global retail spot trading. Analysts point to a potential short squeeze as large short positions remain vulnerable above $92,000.

High-leverage longs were liquidated between $82,000 and $88,000, clearing out weaker hands. The remaining shorts now face upward pressure, creating conditions for a sharp rally if forced buying accelerates.

Binance saw over 15,000 BTC inflows during April 6-10, signaling heightened institutional interest amid growing bullish momentum.

Trump Meme Coin Frenzy Fuels Price Spike and Gala Rush

The value of the TRUMP memecoin surged after its creator announced an exclusive dinner invitation for the top 220 holders, with VIP privileges extended to the top 25. Donald Trump himself will host the event on May 22, according to the coin’s official website.

Major holders have engaged in aggressive portfolio adjustments to maintain qualifying balances, including a $300,000 trade and a $1.94 million withdrawal from Binance. Blockchain analytics firms report a flurry of transactions as investors scramble to secure their positions on the guest list.

Entities linked to Trump reportedly earned $1.6 million in trading fees within 24 hours during the frenzy. One notable transaction involved an investor swapping $300,000 worth of FARTCOIN for TRUMP tokens.

Binance Smart Chain’s Hard Fork and Ruvi AI’s Presale Surge Signal Bull Market Opportunities

Binance Smart Chain prepares for a transformative hard fork on April 29, 2025, targeting 1.5-second block times and reduced gas fees. The upgrade promises enhanced scalability as BNB gains expanded US market access through new exchange listings.

Meanwhile, Ruvi AI’s blockchain-AI hybrid platform demonstrates explosive growth, with its presale selling out in days. The project’s innovative approach and projected ROI are attracting significant investor interest during early-stage fundraising.