😨 #BTC CQ: The recent price surge can be attributed not to spot buying, but to a wave of liquidations in the Binance futures market. This week, the short squeeze rate on Binance hit 6.94, marking the highest level since late 2024. Such short squeezes are typical in bear market conditions. With futures supplies decreasing and natural spot demand failing to keep pace, the potential for a more substantial decline in the future remains high.