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).

According to Skew Δ on Twitter, significant spoofing orders have been placed above the current BTC price, indicating aggressive attempts to manipulate order book perception and potentially trigger short liquidations. This trading activity suggests increased volatility and potential upward price pressure as shorts may be forced to cover their positions. Traders should closely monitor order book dynamics and be cautious of potential rapid price movements. Source: Skew Δ (@52kskew) on Twitter, May 1, 2025.

According to CrypNuevo, market sentiment for Bitcoin has improved following the short liquidations at $87.1k. This change presents a potential opportunity for market makers to induce volatility again. A potential pullback is anticipated over the next 1-2 weeks as the market might retrace its recent recovery.

According to CrypNuevo, the market is experiencing a low time frame (LTF) short squeeze characterized by an aggressive upward movement targeting short liquidations. The liquidations delta was previously unbalanced, necessitating a reset to neutral, which this upward move is achieving.