Binance’s Short Squeeze Ignites Bitcoin Rally to $103K as Funding Rates Turn Positive

Bitcoin’s price surged past $100,000, reaching $103,771—just 4.9% below its all-time high—after a massive $600 million short liquidation event on Binance. The exchange’s funding rate flipped positive (+0.01%), signaling a bullish shift in market sentiment and breaking weeks of consolidation between $93K-$98K.

Binance Short Liquidations Fuel $103K Bitcoin Rally, Funding Rate Flips Positive

Bitcoin surged past $100,000 for the first time in months, peaking at $103,771—just 4.9% below its January record high. The rally was catalyzed by $600 million in short liquidations at key levels ($97K and $101K), with Binance’s funding rate flipping positive at +0.01%.

Market momentum shifted decisively after weeks of stagnation between $93K-$98K. Analysts attribute the breakout to cascading liquidations and renewed bullish sentiment, evidenced by derivatives metrics and a 7.05% weekly gain.

Whale Accumulation Drives PEPE Coin’s 24% Surge Amid Meme Coin Revival

Meme coins are reclaiming market momentum, with Pepe leading the charge after a 24% price surge. The token now trades at $0.00001300, buoyed by aggressive whale accumulation totaling 2 trillion PEPE ($17.42 million) through Binance hot wallets.

Two fresh transactions worth 780.6 billion PEPE ($6.8 million) followed earlier purchases of 1.5 trillion tokens, signaling deliberate accumulation. Such whale activity historically precedes structural shifts for the frog-themed meme asset.