According to Skew Δ (@52kskew), Bitcoin's market is experiencing a squeeze as spot taker bids are building around the $97,000 level, marking it as a critical zone for potential upward continuation. The influx of taker bids typically indicates passive sellers are exiting their positions, which could enhance volatility and liquidity. Additionally, sizeable short liquidations are occurring above $97,000 as Bitcoin's price grinds higher on Binance perpetual contracts. Traders should closely monitor the $97K level for breakout confirmations and further short squeezes, as continued buying pressure could drive momentum (Source: Skew Δ, Twitter, May 1, 2025).