The Bitcoin price has exhibited powerful performance during recent days by rising beyond the $95K threshold with an 8% increase. The market signal for price movements comes from traders at Binance since they control around 40% of global retail spot market activity. The way traders operate on Binance indicates upcoming short squeeze potential.
More Data on Bitcoin Transfers
During April 6–10, Binance received more than 15,000 BTC transfers, although Bitcoin maintained a stable price range between $85K and $87K. Market sell-side pressure is typically reflected through a particular price pattern, which suggests traders pull their assets from short-term holdings for profit.
During April 19 through 23, Binance users withdrew 15,000 BTC from their accounts when Bitcoin climbed above the $93K price level. Outflows indicate holders’ accumulating behavior and desire to self-custody their assets because it demonstrates their increased commitment to the token. Both retail traders and whales currently appear to be preparing for an upcoming substantial market shift.
Falling Reserves, Cleaner Market Conditions
Binance’s BTC reserves decline, tracked through Exchange Reserve data, began on April 18 to provide additional proof of the bullish market indicator.
Market conditions displayed healthy behavior due to the Exchange Whale Ratio reaching below 0.3 levels on April 23. Retail traders now control the market rather than the previous dumping tactics, proving a more balanced market condition.
Short Squeeze Setup: The K Pressure Point
The market demonstrates potential for a breakout because weak trader groups have already been forced out and high-leverage long positions are now depleted between $82K–$88K. A high percentage of big short positions holding positions at approximately $92K face potential elimination through liquidation in case Bitcoin prices keep climbing.
Bitcoin stands to achieve a fast ascent toward $98K–$100K levels when positive factors such as ETF subscriptions or a Fed moderate stance and Chinese market devaluation align with its current upward trend, forcing short sellers into desperate positions to cover their bets.
Final Thoughts
Exchange reserves are shrinking at the same time as bullish outflows, which create an ideal short squeeze scenario. According to Binance data, Bitcoin shows good potential for its upcoming price increase, even though potential risks remain due to macroeconomic uncertainty.
